26 March | Gold

Societe Generale forecasts gold prices to climb to $3,300 in fourth quarter

Societe Generale forecasts gold prices to climb to $3,300 in fourth quarter

Societe Generale in its latest report notes the significant role of gold in the investors' portfolios amid growing doubts regarding the exceptionalism of the US economy. The bank's experts believe that average gold prices may reach about $3,300 per ounce in the fourth quarter of this year.

According to analysts, geopolitical instability continues to support gold as an important global currency. Societe Generale also singles out de-dollarization as a factor that could push the precious metal to $4,000 per ounce.

In addition, the end of US exceptionalism and expansionary fiscal policy in Europe result in US assets losing their attractiveness, Societe Generale believes. Thus, experts see potential in increasing euro and Japanese yen holdings, rotating out the dollar and reducing investments in US equities.

Anton Volkov MarketCheese
Period: 25.07.2025 Expectation: 440 pips
AUDCAD gains on technical bounce and improved sentiment in commodity markets
Yesterday at 10:05 AM 28
Period: 25.07.2025 Expectation: 1700 pips
GBPUSD struggles to regain momentum as uptrend breaks
Yesterday at 09:14 AM 26
Period: 25.07.2025 Expectation: 222 pips
Buying natural gas with target at 3.780 amid record heatwaves in US and Asia
17 July 2025 62
Period: 25.07.2025 Expectation: 15000 pips
ETHUSD rally accelerates as US moves forward with crypto legislation
17 July 2025 65
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
16 July 2025 86
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
16 July 2025 78
Go to forecasts