'Go For Gold,' Says Goldman Sachs: Precious Yellow Metal Price Would Rise In 2025 Amid Central Bank Buying, Fed Rate Cuts
'Go For Gold,' Says Goldman Sachs: Precious Yellow Metal Price Would Rise In 2025 Amid Central Bank Buying, Fed Rate Cuts
They also foresee a cyclical boost from rising investments in exchange-traded funds (ETFs) as the Federal Reserve enacts rate cuts. Additionally, geopolitical risks, particularly concerning Iran, could influence oil supply due to potential increased U.S. support for Israel and stricter sanctions enforcement.Goldman Sachs has projected a substantial increase in gold prices for the coming year, driven by heightened central bank acquisitions and expected reductions in U.S. interest rates.
高盛预计，受央行收购增加和美国利率预期下调的推动，来年金价将大幅上涨。
What Happened: Goldman Sachs has identified gold as a leading commodity trade for 2025, with prices anticipated to reach $3,000 per ounce by December 2025. Analysts, including Daan Struyven, pointed to increasing demand from central banks as a key driver of this forecast, Bloomberg reported on Monday.
发生了什么：高盛已将黄金确定为2025年主要的大宗商品贸易，预计到2025年12月，黄金价格将达到每盎司3,000美元。彭博社周一报道，包括达安·斯特鲁伊文在内的分析师指出，中央银行需求的增加是这一预测的关键驱动力。
"Go for gold," analysts said in a note.
分析师在一份报告中表示：“去买黄金。”
They also foresee a cyclical boost from rising investments in exchange-traded funds (ETFs) as the Federal Reserve enacts rate cuts. Additionally, geopolitical risks, particularly concerning Iran, could influence oil supply due to potential increased U.S. support for Israel and stricter sanctions enforcement.
他们还预计，随着美联储实施降息，交易所交易基金（ETF）投资的增加将带来周期性提振。此外，由于美国可能增加对以色列的支持以及更严格的制裁执行，地缘政治风险，特别是与伊朗有关的风险，可能会影响石油供应。
Gold ETFs have demonstrated robust performance in terms of year-to-date (YTD) returns, as per Benzinga Pro. SPDR Gold Trust (NYSE:GLD) has risen 24.05%, iShares Gold Trust (NYSE:IAU) increased by 24.22%, SPDR Gold MiniShares Trust (NYSE:GLDM) climbed by 24.38%, abrdn Physical Gold Shares ETF (NYSE:SGOL) gained 24.29%, and iShares Gold Trust Micro (NYSE:IAUM) advanced 24.08% year-to-date.
根据Benzinga Pro的数据，黄金ETF在年初至今（YTD）的回报率方面表现强劲。SPDR黄金信托（纽约证券交易所代码：GLD）上涨24.05％，iShares Gold Trust（纽约证券交易所代码：IAU）上涨24.22％，SPDR黄金迷你股信托（纽约证券交易所代码：GLDM）上涨24.38％，abrdn实物黄金股票ETF（纽约证券交易所代码：SGOL）上涨24.29％，iShares Gold Trust Micro（纽约证券交易所代码：IAUM）上涨24.08％ 日期。
Why It Matters: The forecast by Goldman Sachs comes amid significant movements in the gold market. In October, the SPDR Gold Trust (GLD), the largest physically backed gold ETF, experienced its highest monthly inflows in 2.5 years earlier this month, driven by economic and policy uncertainties surrounding the U.S. presidential election. This influx pushed the fund's assets under management to $79.7 billion by the end of October, with $1.8 billion in net inflows for the month.
为何重要：高盛的预测是在黄金市场大幅波动之际做出的。10月，受围绕美国总统大选的经济和政策不确定性的推动，最大的实物支持黄金ETFSPDR Gold Trust（GLD）在本月早些时候经历了2.5年来的最高月度流入量。这种涌入使该基金管理的资产在10月底达到797亿美元，本月净流入18亿美元。
However, the sentiment shifted dramatically after Donald Trump's election victory, leading to a $1 billion outflow from the SPDR Gold Trust (GLD) in early November. This marked the largest weekly outflow in over two years, as investors moved away from the safe-haven asset, anticipating a strong dollar under Trump's second term.
但是，唐纳德·特朗普大选获胜后，市场情绪发生了巨大变化，导致SPDR黄金信托基金（GLD）在11月初流出10亿美元。这是两年多来最大的每周资金外流，因为投资者纷纷离开避险资产，预计特朗普的第二个任期内美元将走强。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免责声明：该内容部分是在Benzinga Neuro的帮助下制作的，并由Benzinga编辑审查和发布。
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