601899 Zijin Mining Group
- 15.49
- -0.08-0.51%
Zijin Mining Group News
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.
Federal Reserve officials express concerns about inflation, and gold prices hover around $2,640.
Statements made by Federal Reserve officials over the weekend have reinforced the view that the Fed will adopt a more cautious approach to interest rate cuts this year.
With Zijin Mining Group Company Limited (HKG:2899) It Looks Like You'll Get What You Pay For
Gold Futures Likely To Be Volatile Next Week
Gold Futures End Higher Amidst Ongoing Geopolitical Tensions
As fears around Trump rise, the trends in Emerging Markets MMF and Gold diverge.
Amid expectations of Trump possibly returning to the White House, the 30-day correlation between Gold and the MSCI Emerging Markets MMF Index has dropped to its lowest point in nearly three years. Over the past three years, these two Assets have been positively correlated 86% of the time, but now they are experiencing a 30-day negative correlation, which has occurred for only the fifth time in three years.
Emerging-Market Currencies Diverge From Gold on Trump Haven Bid
Guolian's Nonferrous Metals investment strategy for 2025: Supply constraints, bullish on the cyclical trend.
Looking ahead to the Nonferrous Metals Industry in 2025, the interest rate cut cycle combined with re-inflation expectations supports a rise in gold prices; the supply and demand gap for electrolytic Aluminum is gradually emerging, making the upward price channel for Aluminum smoother; the tight situation at the mines is being transmitted to the smelting side, Bullish on the continued rise of Copper prices.
Gold's Rally Tested By Overhead Resistance
Gold Just Saw Its Biggest Yearly Gain Since 2010 — Here's Why Wall Street Says Prices Will Go Even Higher
Gold Price Surge Pushes Rolex to Raise Prices for Iconic Watches
Gold Continues To Be Safe-Haven For Investors During Market Uncertainties
Gold Price Outlook: Key Levels to Watch for Potential Upside
Zijin Mining Group (02899.HK) plans to hold a Board of Directors meeting on March 21, 2025, to approve the annual performance.
Gelonghui, December 31st丨Zijin Mining Group (02899.HK) announced that the Board of Directors will hold a meeting on March 21, 2025 (Friday) at the conference room on the 41st floor of Tower B, Zhonghang Zijin Plaza, No. 1811, Huandao East Road, Siming District, Xiamen City, Fujian Province, to review and approve the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and to consider the declaration of a final dividend (if any).
ZIJIN MINING: Notice of Board Meeting
No Data
