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Morgan Stanley: The undervalued "Gold Triad" of China.
Morgan Stanley pointed out that against the backdrop of intensified geopolitical risks, China gold will benefit from market risk aversion sentiment and be favored by Chinese investors, while expectations of yuan volatility also provide support for gold prices to rise. Zijin Mining Group, SD GOLD, and ZHAOJIN MINING are undervalued in the market, and their production is expected to grow significantly in the next five years. It is anticipated that gold prices will reach $2,850 per ounce in the second quarter of 2025.
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Commodity Roundup: Commerzbank 2025 Copper View; ING Sees Energy Markets Under Pressure
ING: Next year, the CSI Commodity Equity Index will experience a "Put year," while Gold will still shine!
① ING expects that the Global situation will put pressure on the Energy and CSI Commodity Equity Index markets, but the outlook for Gold remains bright. ② The report points out that Trump's tariff plans may disrupt the oil, Metal, and Agriculture markets; ③ However, ING predicts that the average Gold price will rise to $2,760 per ounce by 2025, primarily influenced by central bank purchases of Gold and the appeal of Gold as a safe-haven asset.
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.