Gold prices expected to jump to $3150 per troy ounce, 19% over current levels: Goldman Sachs

Goldman Sachs has predicted that gold prices could surge to $3150 per troy ounce if US fiscal concerns escalate. This rise is attributed to gold's role as an inflation hedge and growing geopolitical tensions. The bank has also highlighted the diversifying role of commodities like gold and oil in portfolios, especially given potential US policy shifts in 2025.