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Goldman Sachs: Even with a strong dollar, Gold will still be strong, and central banks will buy more.
Goldman Sachs believes that if the West looks at the Federal Reserve, it is expected that cutting interest rates by 125 basis points by the end of next year will boost gold by 7%; in the East, a strong US dollar will not prevent the central bank from buying gold. It is expected that by the end of 2025, central bank purchases will increase the price of gold 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.
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