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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.

Cyprus Set To Receive €9.21 Million In EU Solidarity Funding After 2025 Wildfires

A committee of the European Parliament has approved €9.21 million in assistance for Cyprus from the European Union Solidarity Fund (EUSF) to help address the aftermath of the 2025 wildfires.

Brussels Mobilizes €144.1 Million For Three Member States

Members of the European Parliament’s Budget Committee (BUDG) backed the mobilization of a total of €144.1 million from the EU Solidarity Fund for Cyprus, Romania and Spain following major natural disasters in 2025.

Under the proposal, Cyprus is set to receive €9.21 million for wildfire-related damage, while Romania would receive €14.34 million for flooding and Spain €120.55 million for wildfires.

Unanimous Committee Support

Support for the proposal was unanimous, with 31 votes in favour and no votes against or abstentions.

Earlier assistance had already been provided through advance payments, including €2.3 million for Cyprus and €30 million for Spain to address immediate recovery needs. Final allocations were calculated by the European Commission based on the reported scale of damage and the fund’s eligibility criteria.

Cyprus Bears The Heavy Cost Of July Fires

Two major wildfires that broke out in Cyprus in July 2025 affected areas in the districts of Limassol and Paphos, according to the European Parliament. Loss of life, displacement of residents and extensive property damage were among the consequences of the fires, which destroyed nearly 900 private properties and disrupted education and health services in affected communities.

Elsewhere, Romania’s allocation relates to severe flooding that occurred in May and June 2025, including damage linked to the Praid salt mine. Funding for Spain is tied to large-scale wildfires driven by prolonged drought and extreme temperatures that forced thousands of people to evacuate.

Lawmakers Call For More Prevention And Resilience

Alongside the funding approval, MEPs highlighted the growing frequency of major natural disasters across Europe and called for greater investment in prevention, preparedness and climate adaptation measures.

According to the draft report, strengthening resilience could help reduce both the human and economic impact of future disasters. Approval by the European Parliament plenary and the Council of the European Union is still required before the funding can be disbursed. A plenary vote is expected in July, after which the approved assistance would be released in a single payment.

A Fund Built For Crisis Response

Since its creation in 2002, the EU Solidarity Fund has allocated more than €10 billion in support following 147 disaster events across EU member states and candidate countries.

Polish MEP Bogdan Rzońca of the European Conservatives and Reformists (ECR) serves as rapporteur for the report, while DISY MEP Michalis Hadjipantela is the European People’s Party’s shadow rapporteur.

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