Goldman Sachs: Gold is a better hedge against the risk of a dollar collapse than BTC

Goldman Sachs forecasts that gold prices will reach $3,700 an ounce by the end of 2025 and rise to $4,000 by mid-2026, based on continued demand from global central banks, investor fears of a recession, and risk aversion to U.S. assets.
Daan Struyven, co-head of global commodities research at Goldman Sachs, pointed out that the risk-reward analysis is positive for gold, bitcoin and gold have both risen sharply in the past three years, but bitcoin is more volatile, more sensitive to retracements, and has a higher positive correlation with technology stocks. Therefore, if you want to guard against the downside risk of stocks, lower correlation and lower volatility are quite significant positive allocations to gold.