Europe Natural Resources Fund: The performance of Gold will surpass that of the US stock market in 2024. Next year's trend will depend on whether Emerging Markets demand can be sustained.
Li Gangfeng stated that the price of gold in US dollars rose by 25.5% in 2024, setting a new historical high 40 times (with the highest seen at 2,790 dollars), achieving the best annual performance in the past 14 years, while last year's returns also outperformed the US stock market.
Gold Prices Muted as US Rate Jitters Build
Gold Gains as China's Central Bank Bought More Bullion in December
GLD ETF Gains 0.6%
ETFs See Record 2024 With Inflows North of $1T
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Gold Moves Higher as Dollar Weakens
Will Gold Rally to Fresh Highs This Year? Have Your Say
Gold Futures Close Higher On Weaker US Dollar
Gold Price Posts Strongest Annual Gain in 14 Years Despite ETF Outflows – Commerzbank
Commodity Roundup: Move Higher in Oil Appears to Be Running Out of Steam - ING
Goldman Delays $3,000 Gold Forecast, Foreseeing Fewer U.S. Rate Cuts
GLD ETF Declines 0.1%
ETF Flows in 2024: Six Out of 11 Sectors Record Outflows; Bitcoin Sees Highest Inflows
Gold Declines After Trump Says His Tariffs Won't Be Pared Back
Gold Falls Despite a Weakening Dollar
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.