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Gold Futures End Lower
Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025
"Is the 'Trump Shock' putting an end to the Gold feast? Goldman Sachs changes its stance: Gold prices may struggle to rise to 3,000 dollars by the end of the year."
①Goldman Sachs predicts that gold prices may not rise to $3,000 by the end of the year, as Trump's policies may lead the Federal Reserve to reduce the scale of interest rate cuts in 2025; ③Goldman Sachs pointed out that central banks' continued buying of gold is a key driving factor for long-term gold prices, and it is expected that by mid-2026, the average monthly purchase volume by central banks will reach 38 tons.
Wall Street continues to look forward to the Gold bull market: aiming for 3,000 dollars.
After experiencing a glorious year in 2024, Fund managers still see reasons to remain Call.
Goldman Sachs has changed its mind! It has lowered the Target Price for Gold and no longer expects it to reach 3000 USD by the end of the year.
Goldman Sachs pointed out that the slowdown in the USA's monetary policy easing in 2025 will suppress the demand for Gold ETFs. Therefore, it is expected that the gold price will reach $2910 per ounce by the end of this year, rather than the previously anticipated $3000 per ounce. Goldman Sachs also expects the gold price to reach $3000 per ounce by mid-2026 as the Federal Reserve continues to cut interest rates.
The Golden Industrial Concept stocks have collectively declined, with LINGBAO GOLD (03330) dropping 4%. Goldman Sachs no longer predicts that gold prices will reach $3,000 this year.
Jinwu Financial News | Golden Industrial Concept stocks have seen a general decline. As of the time of writing, LINGBAO GOLD (03330) is down 4%, SD GOLD (01787) is down 1.62%, ZHAOJIN MINING (01818) is down 1.40%, and Zijin Mining Group (02899) is down 0.83%. On the news front, Goldman Sachs released a Research Report indicating that due to the market's expectation that the Federal Reserve will reduce interest rates from 100 basis points to 75 basis points this year, it expects that gold will not reach $3,000 per ounce by the end of this year and has postponed this prediction to mid-2026. The report states that this year the Federal Reserve will slow the pace of interest rate cuts, which will suppress demand for Gold ETFs.
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