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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 Strengthens Digital Infrastructure Through New Transformation Push

Cyprus Embraces Digital Transformation With Strategic Precision

Cyprus is continuing to advance its digital transformation strategy, with competitiveness, resilience and inclusion positioned as central priorities within the country’s broader development agenda.

In a statement marking World Telecommunication and Information Society Day, the Deputy Ministry of Research, Innovation and Digital Policy said Cyprus is investing in modern digital infrastructure while seeking to ensure citizens can fully participate in an increasingly interconnected environment.

Global Observance And Local Initiative

World Telecommunication and Information Society Day is observed annually on May 17, following its establishment by the International Telecommunication Union in recognition of developments in communications technologies since 1865.

For 2026, the ITU selected the theme “Digital Lifelines: Strengthening Resilience In A Connected World,” focusing on the importance of resilient infrastructure, including terrestrial networks, submarine cables, satellites and advanced data systems.

Ensuring Resilience And Continuity

According to the Deputy Ministry, strengthening the resilience of digital networks has become increasingly important as economies and societies rely more heavily on uninterrupted connectivity.  Officials said the initiative aims to encourage cooperation between governments, businesses and local communities in safeguarding communications infrastructure, particularly during periods of disruption or crisis. The ministry added that reliable connectivity remains essential to ensuring equal access to communication and digital services.

Technological Investments And National Ambitions

Cyprus has already achieved full population coverage through 5G networks while also continuing the rollout of ultra-high-speed fibre optic infrastructure across the country. At the same time, authorities are investing in digital skills development programmes aimed at improving participation in the digital economy.

Future-Proofing Growth And Prosperity

The Deputy Ministry said its long-term strategy focuses on creating a secure and resilient digital environment capable of supporting economic growth and social development. Through cooperation with international partners and investments in technologies, including artificial intelligence and early warning systems, Cyprus aims to strengthen the infrastructure supporting its digital transition.

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