Goldman Sachs: Gold aims for $3,000 next year
Goldman Sachs said we have formalised our gold pricing framework and detailed the drivers of our bullish forecast, which expects the price of gold to rise by about 10% by December 2025 to $3,000 an ounce. Our model does a good job of explaining monthly price movements by aggregating physical gold demand from financial and monetary authorities, investors and speculators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The 10-year U.S. Treasury yield climbs to 4.8%, erasing the dividend advantage of utility stocks; the sector’s rebound depends on interest rate stabilization rather than technical signals.
As U.S. Treasury yields continue to climb, the American utilities sector is experiencing a significant pullback—a rise in yields not only erodes the relative appeal of the sector’s dividends but also raises financing costs for the most capital-intensive industries within this market.
Euro holds gains above 1.1600 despite robust US jobs data, traders eye ECB rate decision
Port of Tauranga wins fast-track approval for Stella Passage development
Crypto prices
More
