According to a report published by Bloomberg and viewed by Sky News Arabia, it is expected that “Goldman Sachs“Gold prices will reach a record level during the year 2025, due to the increase in central bank purchases and the reduction of interest rates in US.
As the bank put gold Among the best commodity deals of 2025, he said that prices may continue to rise during his presidency Donald Trump.
According to Bloomberg, analysts at the bank, including Dan Stroven, wrote in a research note: “Buy gold.”
Goldman Sachs reaffirmed its price target of $3,000 per ounce by December 2025.
Analysts at the bank said that their expectations were mainly due to the increased demand for the yellow metal by central banks.
Gold prices will also witness significant support from ETFs in conjunction with the reduction US Federal Reserve Board for interest rates.
Bloomberg said that gold prices achieved a strong rise this year, and recorded successive record levels, before declining slightly after Trump’s victory in the US presidential elections, which increased the strength of the green currency.
Gold prices increased due to demand from official sectors, in addition to the Federal Reserve’s shift to easing monetary policy.
Goldman pointed out that the administration of President-elect Trump may also help support gold prices if it takes over the administration of the United States of America.
Analysts at Goldman Sachs said that the tensions that may occur in global trade may “revitalize speculative activity in gold.”
According to the report, there are growing concerns about the sustainability of financial conditions in… Americathe largest economy in the world, may also support the prices of the precious metal.
Analysts indicated that central banks, especially those that possess large reserves of US Treasury bonds, may decide to buy larger quantities of gold.
Gold prices in spot trading recorded about $2,585 per ounce on Monday, after peaking above $2,790 last month.
