Goldman Sachs commodity trader: The purchasing volume of gold on our trading desk continues steadily, and silver has also started to fluctuate.

Goldman Sachs maintains its target of gold price rising to $2700 per ounce by 2025, indicating that the increase in gold price has just begun, as central banks worldwide continue to buy gold. The Fed's rate cuts will encourage western capital to flow back into gold ETFs, providing important hedging value for investment portfolios to deal with geopolitical shocks.

wallstreetcnSep 24, 2024 05:46 ET