Goldman Sachs: gold price to reach $2,500 by the end of 2022

US bank Goldman Sachs has just raised its 2022 gold target to $2,500 an ounce, according to Seeking Alpha. This would be a serious rally after gold lost 4% in 2021.

Some investors are worried by the potential inflationary pressure after an unprecedented period of quantitative easing. But Goldman Sachs' analysts think that these fears are exaggerated and that inflation will remain moderate.

Other global risks, such as the conflict between Russia and Ukraine, can trigger a more risk-off sentiment in the markets. Analysts and economists are also starting to warn that economic growth in the US is slowing down. All this could lead to a perfect storm, which would cause stock prices to drop further and gold to rally.

Goldman Sachs has long been bullish on gold, and the most recent target increase is yet another sign that the US bank sees a lot of potential in the yellow metal. The fear of inflation should play a big part this year, pusing gold higher as everyone comes to realize that the inflation is far from transitory.

If the inflation rate continues to grow fast and steady, gold will probably outperform other assets. One of the reasons is that gold, being a physical asset without attached liabilities, is immune to inflation – unlike assets like bonds and stocks.

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