Gold's bullish outlook cannot be weakened by the strengthening of the US dollar, according to Goldman Sachs.

The December 11th Golden Data, according to Goldman Sachs researchers, still appears bullish in the long-term strength of the US dollar. According to Goldman's analysis, US policy Intrerest Rate almost completely drives investors' demand for gold ETFs, while the dollar does not play an additional significant role in pricing. The strength of the dollar is unlikely to prevent Central Banks from structurally increasing their gold purchases, which are often made with dollar reserves. In addition, the trend of the dollar and gold prices pumping under uncertainty supports their role as portfolio hedging tools. Goldman's forecast for the end of 2025 is $3000 per ounce.