The sparkling race of Gold (GC = F) in 2025 can have more room to increase, estimates Goldman Sachs.
On Tuesday, the investment bank raised its goal of end -of -year lessons for gold at $ 3,100 per ounce, against $ 2,890 before. Goldman said that “structurally higher” central bank demand will add 9% to the price of gold by the end of the year, also helped by a slight boost from the Holdings.
But Goldman added that the concerns about President Trump’s prices could be an “upward” risk for gold prices.
“However, if the uncertainty of the policies – including the features fears – remains high, a higher speculative positioning could push the prices of gold as high as $ 3,300 an ounce by the end of the year “wrote the Goldman strategist, Lina Thomas, in a note to customers.
Since 4.59:59:59 pm. Market open.
In a golden note today, UBS said that he could see a way for gold hitting $ 3,200 an ounce.
“A more energetic rally compared to our previous expectations is likely to be motivated by a deeply rooted bullish feeling, with gold considered to be a safe asset in the midst of a very uncertain and volatile macro environment,” declared UBS.
Precious metals such as gold currently have a solid route in some two months in the year while investors cover their exposure to actions in the midst of uncertainty concerning the policy of the Trump administration and the Federal Reserve.
Year to date, gold prices have increased by $ 2,925 per $ 2,925. They hover around record peaks. In the past year, gold has won an impressive 43%. In comparison, the S&P 500 (^ GSPC) and the industrial average of Dow Jones (^ DJI) increased more than 20% and 15% respectively.
Meanwhile, money prices (Si = f) are more than 40% for the year, and platinum prices (PL = F) are up more than 10%.
The actions exposed to gold trade were then strong.
Gold Miner Barrick Gold (Gold) actions have won 16% over a year to date. At the same time, the ETF SPDR Gold Share (GLD) has nailed to 10%.
Barrick Gold, in particular, cares about the record race of Gold.
The minor posted his highest net revenues in a decade last year. The fourth quarter operating cash flows increased by $ 1.4 billion to $ 1.4 billion, bringing the total of the year to $ 4.5 billion. He has marked the highest level of the company since 2020. Barrick Gold sent $ 500 million to share buybacks last year and $ 700 million in dividends.
“Gold is becoming more and more important as a refuge in a geopolitically uncertain world,” said Barrick Gold CEO Mark Bristow, analysts on a call for results last week. “Needless to say, this is an exciting period to be a minor of gold and copper with more increase in the price of goods, in my opinion, anyway.”
