Gold futures jumped to a new all-time record on Tuesday, as concerns over economic growth around President Trump's tariff plans continued to spark safe-haven flows into the metal, with added support from ongoing central bank buying.

Goldman Sachs (GS) has raised its price forecast for gold citing strong central bank demand for the metal among a range of bullish drivers. The

Goldman Sachs on Monday raised its year-end 2025 gold price forecast to $3,100 per ounce, up from $2,890, citing sustained central bank demand.