Goldman Sachs the Latest to Predict Gold Prices Breaking $3,000 in 2025
The election of Donald Trump combined with geopolitical turmoil and anticipated interest rate cuts have gold and silver bulls salivating over the current lower prices. They’re saying now is the time to buy before the next big surge, which some believe could start before Christmas.
Analysts at Goldman Sachs joined the chorus of experts expressing their belief that Gold could hit $3,000 per ounce sooner rather than later.
Goldman Sachs analysts predict that gold prices will reach new heights in 2025 due to increasing central bank demand and anticipated US interest rate reductions. Daan Struyven and other analysts have set a target of $3,000 per ounce by December 2025. The surge in gold prices is expected to be propelled by central-bank purchases and US interest rate cuts, supported by a potential boost from exchange-traded funds (ETFs) as the Federal Reserve implements policy easing.
In a recent note, Goldman analysts highlight the ongoing support from central banks, particularly those with substantial US Treasury reserves, as they diversify their holdings to include gold.
“It’s interesting that Central Banks have responded the way they have,” said Jonathan Rose, CEO of Genesis Gold Group. “They’re generally more reserved but the current prices have them buying, which is a good sign for our clients based on the proper mix of metals we have for them.”
According to Bloomberg:
Bullion jumped as much as 2% in intraday trading, surpassing $2,600 an ounce, on Monday after taking a battering in the wake of Donald Trump’s US presidential election victory, which spurred a dollar rally that weighed on commodities.
The bank listed a wager on bullion among its top commodity picks for 2025, citing Federal Reserve rate cuts that reduce the opportunity costs of holding gold; tariffs that underline its role as an inflation hedge; and steady demand from central banks.
“We put together a Wealth Protection Kit for Americans who want to protect their retirement with physical precious metals,” Rose said. “This week we’re expective a big surge with the prices at their most competitive in months.”
The prospects of President Trump using tariffs for both revenue and as a bargaining tool has Central Banks betting heavily on gold and silver. Even if tariffs aren’t immediate, the threat of them is already being put on the table by Trump over a month before his inauguration.
Once they hit, prices on gold and silver could skyrocket.
Learn more about protecting wealth or retirement with physical precious metals by requesting the free, definitive Wealth Protection Kit.
The post Goldman Sachs the Latest to Predict Gold Prices Breaking $3,000 in 2025 appeared first on The Liberty Daily.
Source: https://freedombunker.com/2024/12/02/goldman-sachs-the-latest-to-predict-gold-prices-breaking-3000-in-2025/
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