Gold will continue to shine! Goldman Sachs predicts that it will touch $2700 in early next year, based on three major reasons.
Goldman Sachs predicts that by early 2025, the price of gold will reach $2,700 per ounce, an increase of about 8%; ② Since the beginning of this year, the price of gold has risen by 21%, outperforming the S&P 500 index.
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Goldman Sachs continues to be bullish on gold: hedging risks, central bank buying + Federal Reserve interest rate cuts, gold price rising to $2700 soon!
Due to the impact of the U.S. debt crisis, the Fed's interest rate reduction, and the hedging of value, Goldman Sachs believes that the price of gold still has over 8% room for increase by early next year, and if the U.S. debt concerns worsen, the gold price could even rise 15%.
