Goldman Sachs: Even with a strong dollar, Gold will still be strong, and central banks will buy more.
Goldman Sachs believes that the West looks at the Federal Reserve, expecting a rate cut of 125 basis points by the end of next year will boost Gold prices by 7%; the East looks at central banks, where a strong dollar will not stop central banks from purchasing Gold, with expectations that by the end of 2025, central bank purchases will increase Gold prices 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.
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Wednesday as Investors Anticipate Latest Inflation Data
Gold Takes a Breather at $2,700 With All Eyes on US Inflation
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International gold prices have surpassed 2,700 US dollars! Most of the Hong Kong stocks in the Golden Industrial Concept are strengthening, with ZHAOJIN MINING rising over 7%.
① Has China's Gold reserves increased by the end of November? ② What is the Analyst's view on the overnight rise in Gold prices?
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and so far the solar panels are connected.
Space Dust : gold can not be destroyed, fire may melt it, but it is still shiny and easy to recover. it has many industrial uses. Also medical uses exist for gold. along with things we may not know.
if you bury it, it can still be dug up. it's waterproof also.
other than all that, it's just like gold.