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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.

EU Demographics Shift: New Data On Foreign-Born And Third-Country Residents As Of January 2025

Overview Of European Demographic Trends

Recent Eurostat figures show notable changes in the demographic structure of the European Union as of January 1, 2025. Around 46.7 million residents, or 10.4% of the EU’s total population of 450.6 million, were born outside the bloc. This represents an increase of 1.9 million compared with the previous year and reflects the continued evolution of population patterns across Europe.

Foreign-Born Populations: Absolute And Relative Insights

In absolute numbers, foreign-born residents are most concentrated in Germany, France, Spain and Italy, with 17.2 million, 9.6 million, 9.5 million and 6.9 million people respectively. When measured as a share of national populations, Luxembourg ranks highest, with 51.5% of its permanent residents born abroad. Malta follows with 32.0%, Cyprus with 27.6%, Ireland with 23.3%, Austria with 22.5%, Sweden with 20.8% and Germany with 20.5%.

At the lower end of the scale, Poland reports 2.6%, Romania 3.6%, Bulgaria 3.8% and Slovakia 4.0% of residents born outside the EU. These differences illustrate varying migration flows as well as distinct national approaches to demographic and integration policy.

Third-Country Nationals And Intra-EU Mobility

As of January 1, 2025, approximately 30.6 million third-country nationals were living in the EU, accounting for 6.8% of the total population. This marks an annual increase of 1.6 million. In addition, about 14.1 million residents were citizens of another EU member state, up by 0.1 million year over year.

Germany, Spain, France and Italy host the largest numbers of third-country nationals, with 12.4 million, 6.9 million, 6.5 million and 5.4 million people respectively. Together, these four countries represent 69.7% of all third-country nationals in the EU while accounting for 57.8% of the bloc’s overall population.

Comparative Analysis Of National And Regional Statistics

In proportional terms, Luxembourg again leads, with third-country nationals making up 47.0% of its population. Malta reports 29.4% and Cyprus 24.8%. By contrast, Poland and Slovakia each record 1.2%, Romania 1.6%, Bulgaria 2.3% and Hungary 2.7%.

Looking at EU citizens residing in another member state, Luxembourg also ranks first at 35.8%, followed by Cyprus at 10.1% and Austria at 10.0%. Several countries show minimal intra-EU mobility, including Poland and Lithuania at 0.1%, Latvia at 0.2%, Romania at 0.3%, Bulgaria at 0.5%, Croatia at 0.6%, Slovakia at 0.7% and Hungary at 0.9%. In Estonia and Latvia, figures are influenced by a sizable population of recognized non-citizens, primarily former Soviet Union nationals who reside permanently without obtaining additional citizenship.

Conclusion: Navigating A Changing Demographic Landscape

These demographic developments highlight both opportunities and policy challenges for the European Union. Rising numbers of foreign-born residents and third-country nationals are prompting renewed attention to integration strategies, labor markets and long-term population planning as member states seek to balance economic growth with social stability.

eCredo
The Future Forbes Realty Global Properties
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Aretilaw firm

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