Bank of America's outlook for the bulk market in 2025: Tariffs cast a shadow over the global market, crude oil enters an oversupply cycle, with gold shining alone, soaring straight to $3,000.
Bank of America Merrill Lynch expects that due to a significant increase in production from non-OPEC countries, coupled with the possibility of OPEC+ releasing more supply, the crude oil market may enter a surplus cycle, with the average annual price of Brent crude oil expected to be $65 per barrel. Basic metals are experiencing price fluctuations amid differentiated supply and demand. Driven by macroeconomic uncertainty and risk aversion sentiment, gold remains one of the most attractive precious metals in 2025.
Gold Bulls Firm As Prices Rebound Above US$2,681
Gold Price Remains Heavily Offered Amid Renewed USD Buying Interest
Gold Slips as Trump's BRICS Currency Warning Boosts US Dollar
Gold: Cautious Recovery After Fall
Eastern European central banks are aggressively purchasing gold, becoming the largest buyers globally. Will gold prices rise to 3000 dollars?
Central banks in Eastern European countries are accelerating their gold purchases to diversify investments and cope with external shocks, with the Czech Republic, Poland, Serbia and other countries becoming the largest buyers of gold together.
Local Gold Futures End Higher In Line With US Market
Gold Rises On Weaker Dollar as Traders Look to US Economic Data
Gold Steady After Cease-Fire Deal as Traders Look to US Data
Gold Struggles to Break $2,620, Weighed by US Tariffs and Geopolitics
Cantor Fitzgerald Says Inflation Rate Poses Significant Upside Risks
Should the US Treasury Be Buying Bitcoin?
Gold Falls as Trump Tariff Threat on Canada, Mexico Aids Dollar
Morgan Stanley Fund: Trump's policies being implemented may lead to a second round of inflation in the usa, still bullish on the future upside of gold.
morgan stanley funds stated that the upward potential of gold has opened again after this round of adjustment. If Trump's relevant policies truly take effect next year, there is a possibility of secondary inflation or stagflation in the usa, both of which will support the rise in gold prices.
Materials Up, Gold Falls on Bessent Hopes -- Materials Roundup
Gold Price Tumbles on Israel-Hezbollah Ceasefire Rumors, Furious Risk-on Mood
Middle East tensions are easing! Israel and Hezbollah are reportedly close to reaching a ceasefire agreement.
① The Israeli national security cabinet will meet on Wednesday to approve the ceasefire agreement with Hezbollah, and the final text was confirmed on Monday; ② Affected by the easing of tensions in the Middle East, comex gold futures fell more than 3%, crude oil plummeted 3% during the day, and the usd dropped by 0.5%.
Gold price sharply fell after "five consecutive increases"! Multiple banks have raised the risk level.
Gold prices fluctuate frequently
Gold Futures End Lower, Tracking US COMEX Gold Market
Gold Steady After Strong Surge Amid Escalating Ukraine Conflict