According to Miles Deutscher, Goldman Sachs has updated its gold price forecast, projecting a target of $3,700 by the end of 2025, with a bullish scenario reaching as high as $4,500. This significant adjustment signals strong market confidence in gold as a stable investment, potentially impacting trading decisions and portfolio allocations. Traders may consider this bullish outlook as an opportunity to increase their exposure to gold, given its perceived safety and potential for high returns.

According to The Kobeissi Letter, their premium members have been strategically purchasing gold during price dips, specifically buying more when the price fell to $3,000 per ounce. This strategy, recommended in their April 4th alert, has now met its target as gold prices reached $3,300. This demonstrates the effectiveness of buying during price decreases and holding until reaching predetermined profit targets.