Goldman Sachs directly suggests: buy gold! Next year, the price of gold will reach $3000.
①Goldman Sachs expects the target price of gold to reach $3000 per ounce by December 2025, due to increased central bank demand and the impact of interest rate cuts in the USA; ②Reports suggest that escalating trade tensions may revive speculative positions in gold; ③ Goldman Sachs has identified gold as the top choice for commodity trading in 2025, and indicates that the price of gold may continue to rise during Trump's term.
The most recent 13 US election windows have had the worst performance: Can gold still be bought?
① This month, usa's president-elect Trump won the election in a landslide, which immediately boosted the performance of markets from us stocks to bitcoin. ② However, among a series of pre-election highly praised Trump trades, gold has clearly become an exception...
Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
Institutions: High oil prices are good for the industrial chain
Happy Invester : I agree that the short term trend is going to continue for awhile . I've had some investments in Exxon.
71078694 Happy Invester : Exxon is my best performer right now i bought in at $53.95 and now it’s $84.18. So glad i bought it lol
CrazyEnuff : As a trader, I'm banking off of oil n some energy. Always look at the big picture.
Tuyea : Like
PS : Smart money is in the pipeline side. BPMP, SHLX and the like. Bottom line performance if Exxon, BP, Shell will dramatically improve simply because efficiencies from upstream to downstream are almost immediate. Lastly, current inventory (old cost) goes up with new prices on the spot market! Buy, Buy Super Major now.
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