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Rare! The international Gold futures price gap is "skyrocketing," possibly related to Trump's tariffs.
Investors closely monitoring international gold prices may have noticed this phenomenon yesterday: the premium of New York Gold Futures and Silver Futures compared to spot goods has widened significantly; in Wednesday's London early morning Trade, the February delivery Comex Gold Futures price was once $60 per ounce higher than the spot gold (London gold) price, a highly unusual price difference, with a gap of approximately 2%.
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%.
Will gold continue to shine next year? Goldman Sachs is listed as one of the “three major catalysts”: see you at $3,000!
① Goldman Sachs expects the price of gold to rise 11% to $3,000 per ounce by the end of 2025; ② Goldman Sachs believes that interest rate cuts by the Federal Reserve, increased gold purchases by central banks, and rising geopolitical uncertainty are the three major factors driving the price of gold higher.
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Goldman Sachs raises a Call for Gold, but warns of this major downside risk.
Goldman Sachs believes that the correction of Gold after the election is only temporary. In their opinion, the strengthening of the US dollar does not pose a threat to the rise of Gold, the real risk lies in......