Heraeus: Silver is expected to reach 40 dollars next year, and its performance is likely to surpass Gold once again!
Analyst at Heraeus pointed out that the value of Silver relative to Gold is still at a historical low, and in the later stages of a bull market, Silver often performs better than Gold.
MetalsFocus: It is anticipated that gold prices will reach new historical highs in the coming months, which will also drive silver prices higher.
MetalsFocus released the Precious Metals monthly report for December 2024.
Goldman Sachs: Even with a strong dollar, Gold will still be strong, and central banks will buy more.
Goldman Sachs believes that the West looks at the Federal Reserve, expecting a rate cut of 125 basis points by the end of next year will boost Gold prices by 7%; the East looks at central banks, where a strong dollar will not stop central banks from purchasing Gold, with expectations that by the end of 2025, central bank purchases will increase Gold prices by 9%.
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The gold price has once again broken through 2700 dollars during the session! Wall Street is bullish, and will the Gold ETF likely take off accordingly?
Recently, Morgan Stanley released the 2025 Commodity Outlook report, stating that Gold remains the "best choice" for hedging uncertainties, expecting the price to rise to $3000 per ounce next year, with an average of $2950 per ounce by the fourth quarter.
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Is the pullback or the right time to jump in? Gold prices have soared this year! Major banks predict it will hit the 3,000-dollar mark next year.
In the past two years, going long on Gold can be said to be one of the hottest Trade varieties in the market, with a cumulative increase of nearly 50% in spot Gold prices. This year, under the catalysis of a series of events, the spot Gold price even reached a historically high price of $2788.5 per ounce on October 30.
Gold: 2024 Is Gold's Year – TDS
The road to gold hitting a new high is far from over! Well-known investment bank: in this situation, the price of gold may quickly soar to $3000.
According to the well-known investment bank Macquarie Group, with the Federal Reserve lowering interest rates and central banks around the world increasing gold reserves, there is potential for further increases in gold prices next year, possibly reaching record highs. Macquarie stated that if concerns about the usa's fiscal situation intensify, gold prices could soar towards 3000 dollars per ounce.
The gold bulls are growing stronger, and another giant has raised the 2025 expectations!
In two scenarios, gold may 'quickly' challenge the $3000 mark. But be cautious as gold may face a large-scale liquidation in the near future.
Gold Prices Move Little as Safe Haven Demand Remains Limited
Gold Bulls' Ranks Swell as Macquarie Raises Forecasts for 2025
Gold: Sizable Liquidations Over the Coming Week Are Possible – TDS
Gold Futures End Lower
Europe is about to have major events today, keep a close eye on this support for gold in the short term! Powell arrives hand in hand with the small non-farm payrolls.
On Wednesday (December 4th), international gold prices rose slightly, supported by safe-haven demand, while the market awaited usa employment data and Federal Reserve Chairman Jerome Powell's speech for clues regarding the usa rate cut path.
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