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

by News Editor

April 15, 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.

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EU Tightens Steel Imports As Overcapacity Hits 721M Tonnes

by THEFUTURE.TEAM

April 14, 2026

Robust Regulatory Framework

Cyprus Presidency of the Council of the EU, together with the European Parliament, reached a provisional agreement on measures addressing global steel overcapacity. The regulation targets trade diversion and excess supply while maintaining compliance with international trade rules. The framework also aims to preserve operational flexibility for downstream industries.

Safeguarding Employment And Environmental Commitments

Global steel overcapacity is projected to reach 721 million tonnes by 2027, compared with EU annual consumption levels. The measures are linked to the protection of around 2.5 million jobs. Policy direction also aligns with EU decarbonisation targets within the industrial sector.

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Enhanced Trade Controls And Supply Chain Traceability

The regulation introduces tariff-free quotas of 18.3 million tonnes annually. Imports exceeding thresholds will be subject to a 50% duty. Measures cover 30 steel product categories and will replace current safeguards expiring on June 30, 2026. A “melt and pour” requirement is included to improve supply chain traceability.

Diversifying Import Sources And Reducing Dependencies

Rules apply to imports from all countries, excluding European Economic Area members, which remain subject to traceability requirements. The framework also reduces reliance on specific external suppliers, including Russia. Michael Damianos, Energy Minister of Cyprus, said the steel sector remains important for economic activity and energy transition. Bernd Lange, Chair of the European Parliament’s INTA Committee, said the measures address trade practices and market conditions.

Looking Ahead

The agreement introduces a revised tariff-rate quota system with import quotas reduced by approximately 47% compared with 2024. Limited carry-over flexibility will apply in the first year. The European Commission will review the measures in subsequent years. Formal adoption by the European Parliament and the Council is expected before implementation on July 1, 2026.

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