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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.

Italy Probes Alleged Revolut Data Theft Linked To Government Email Attack

Italian investigators are examining how hackers allegedly obtained Revolut customer data after using a compromised government email account to request information.

What Data May Have Been Exposed

The allegedly stolen material includes passport details, driving license information, other identity documents and photographs. The attackers reportedly claim to have obtained 147 gigabytes of data.

Exposure of identity records can create risks beyond direct financial losses, including fraud, impersonation and other forms of criminal exploitation.

Investigators Examine How The Attack Worked

Italy’s cybercrime police are investigating the operation, which reportedly unfolded over several months and involved unauthorized access to an IT system of public interest.

Investigators are examining whether the attack originated from a computer at the Reggio Calabria prefecture or Italy’s Interior Ministry. They are also seeking to establish whether the government email account used in the operation was directly compromised or cloned.

The National Anti-Mafia and Counter-Terrorism Directorate has joined the investigation because a government body was involved. Police said several aspects of the operation remain under review.

Data Protection Authorities Coordinate Response

Italy’s data protection authority has launched its own checks and asked data protection officers to review potential security gaps. Identified vulnerabilities are to be reported without delay.

The authority has also contacted its Lithuanian counterpart, where Revolut’s registered office is located, to coordinate information and the response.

Investigators are now focusing on how the intrusion occurred and whether other public institutions were affected.

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