Breaking news

Goldman Sachs Predicts Gold Prices To Surge To $3,700 By Late 2025

In a bold forecast, Goldman Sachs has increased its gold price prediction to $3,700 per ounce by the end of 2025. This adjustment comes amid unexpected demand from central banks and a strengthening perception of recession risks, drawing investors towards gold ETFs.

Key Points

  • Initial forecasts pegged the price at $3,300, but central banks’ monthly gold acquisitions, averaging 80 tons — much higher than the 17-ton average before 2022 — have warranted a forecast revision.
  • Gold prices have already seen a significant increase of over 23% in 2025, surpassing the $3,200 mark for the first time.
  • Should central banks continue acquiring at an accelerated pace, or if a recession prompts a capital influx into ETFs, gold could rise to $3,880 within this year.

What To Watch

Economists estimate a 45% chance of a U.S. recession within 12 months, potentially redirecting capital to gold ETFs. Should central banks ramp up purchases to 100 tons monthly, or recession-driven demand persist, gold might reach $3,880 by year-end. Alternatively, if economies show resilience and political uncertainty lessens, gold prices could stabilize around $3,550.

Paphos Tourism Board Introduces Free Thematic Excursions In Akamas Region

Strategic Initiative Unveiled

The Paphos Regional Board of Tourism (Etap) has announced a series of free thematic excursions in the Polis Chrysochous–Akamas region. A program is designed to increase visitor flows to areas with cultural and natural heritage. The focus of the initiative is to expand tourism activity beyond established destinations.

Curated Itineraries Connecting Culture And Nature

Scheduled for May and June, the excursions include visits to five sites: the Sea and Culture Museum, the Reptile and Amphibian Park, the Marion-Arsinoe Archaeological Museum, the Akamas Museum of Rural Life and Tradition in Droushia, and the Information Centre for Avifauna and Terrestrial Flora in Kathikas. Routes combine natural sites with historical locations across the region.

Robust Schedule And Community Engagement

By hosting these events every Saturday, the board invites both locals and international visitors to immerse themselves in the region’s captivating scenery and rich archaeological discoveries. Departures are slated from the Kato Paphos Archaeological Park at 09:15, with a return scheduled at 16:30.

Emphasizing Sustainable Tourism And Education

Guided tours and educational activities are included in the program, focusing on environmental awareness and local heritage. Activities support regional tourism development and visitor engagement.

Official Information And Reservations

Support for the initiative comes from the municipalities of Polis Chrysochous and Akamas. Additional details and registration information are available through the Paphos Regional Board of Tourism.

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