Update: WTI Oil Edges Down as the IEA Sees the Market Over Supplied in 2025
Gold To Shine Bright In 2025 As Top Investment Bank Predicts Bullish Outlook Amid Trade Tensions
WTI Edges Higher to Near $70.00 on China Stimulus, New EU Sanctions Against Russia
Goldman Sachs: Even with a strong dollar, Gold will still be strong, and central banks will buy more.
Goldman Sachs believes that the West looks at the Federal Reserve, expecting a rate cut of 125 basis points by the end of next year will boost Gold prices by 7%; the East looks at central banks, where a strong dollar will not stop central banks from purchasing Gold, with expectations that by the end of 2025, central bank purchases will increase Gold prices by 9%.
Will gold continue to shine next year? Goldman Sachs is listed as one of the “three major catalysts”: see you at $3,000!
① Goldman Sachs expects the price of gold to rise 11% to $3,000 per ounce by the end of 2025; ② Goldman Sachs believes that interest rate cuts by the Federal Reserve, increased gold purchases by central banks, and rising geopolitical uncertainty are the three major factors driving the price of gold higher.
Crude Oil Rises on Wednesday, WTI Taps $70 per Barrel