G Sachs: Increased Private Investor Interest to Drive Gold Prices Higher; LINGBAO GOLD, CHINAGOLDINTL, and WANGUO GOLD GP Break Records; TONGGUAN GOLD Rises by 10%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2025
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Source: aastocks
Gold Price Forecast: Goldman Sachs remains bullish on gold prices, predicting potential increases beyond their initial forecasts of US$4,000 per ounce by mid-2026, driven by strong private investor demand and significant capital inflows into gold ETFs.
Recent Gold Price Trends: Since August 29, gold prices have surged by 12%, surpassing the US$3,200-3,450 range, and currently stand at approximately US$3,863.46 per ounce, indicating a robust market performance.
Analyst Views on 00340
Wall Street analysts forecast 00340 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00340 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 3.200
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Current: 3.200
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
