Goldman Sachs has issued its most bullish gold forecast yet, setting targets of $3,700 per ounce by the end of 2025 and $4,000 by mid-2026, while warning that extreme scenarios could drive the precious metal to $5,000 if the Federal Reserve independence comes under threat. The bank’s analysis comes as gold trades at record highs above $3,580 per ounce, having surged 36% this year to become one of the best-performing assets globally.
Goldman Sachs
Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows
Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump’s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset.
Crude Oil Outlook, 26 July 2023: गोल्डमैन सैक्स के अनुसार दिसम्बर 2023 के अंत तक कच्चा तेल $90 से नीचे रहने का अनुमान
Crude Oil Outlook, 26 July 2023: कच्चे तेल की घटती डिमांड और बढ़ती ग्लोबल सप्लाई के बीच गोल्डमैन सैक्स (Goldman Sachs Group) ने कच्चे तेल की कीमतों का पूर्वानुमान (Crude Oil Prices Forecast) एक बार फिर घटा दिया है.
The Argument for Negative Interest Rates in the US has Strengthened, Goldman says — But the Fed Remains Opposed
The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks.
Goldman Sachs sees oil taking a fleeting trip to $70-$75 a barrel
Gold Silver Reports (GSR) – Crude Oil prices could potentially rise as much as 12% from current levels, though the rally may prove fleeting, according to Goldman Sachs Group Inc.
G20 Meeting Could Trigger Rebound in Commodities Prices: Goldman
Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.
Goldman Can’t Rule Out U.S. Naming China a Currency Manipulator
Though China doesn’t meet the three official criteria, the Treasury Department could still accuse the Asian nation if it found that China was manipulating the yuan for trade purposes, Goldman notes. While not the bank’s base case, given that currency matters have played a “central role” in the U.S.-China trade standoff, a formal declaration isn’t unfathomable.