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Gold Climbs To US$2,690, Analysts Maintain Bearish Trading Bias
NYSE Copper and Silver surged significantly, with "tariff fears" bringing about the "USA Metal premium".
Market worries about the uncertainty of Trump's trade policy have led to a premium of over $0.9 per ounce for Silver Futures on the NYSE compared to London spot silver, nearing the peak from December last year, while the premium for Copper Futures also reached $623 per ton.
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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.
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Goldman Delays $3,000 Gold Forecast, Foreseeing Fewer U.S. Rate Cuts
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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.