November 18, 2024 at 11:36PM
Goldman Sachs sees gold as a strong hedge against potential risks from Trump-era tariffs, predicting prices will rise further in 2025.
I posted on their forecast yesterday:
Goldman Sachs have reiterated their gold target of $3,000 an ounce by December 2025
Adding a little more now:
GS highlights gold’s role as a safe haven during heightened Trump trade tensions and tariff increases
current policy uncertainty and recent market consolidation create a favorable opportunity for investing in gold
structural demand from central banks and cyclical factors, like expected Federal Reserve rate cuts, as key drivers
This article was written by Eamonn Sheridan at www.forexlive.com.
Goldman Sachs forecasts Gold higher amid Trump tariffs risks