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Gold bulls are brewing the next wave of breakout! Notable Institutions: Gold prices still have over 30 dollars of upward potential.
On Thursday at the close of the Asian market, spot Gold is around 2714 dollars per ounce. According to Economies.com, the current gold price is waiting for further increases, with the first target aiming at 2745.00 dollars per ounce.
ING Groep: Gold will shine in the CSI Commodity Equity Index bear market.
Analysts expect that many varieties of the CSI Commodity Equity Index will gradually decline in price next year, while the average price of Gold will rise from the current approximately $2,713 per ounce to $2,760.
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.
MetalsFocus: It is expected that gold demand in the Middle East will slow down in 2024, and risks will still exist next year.
Recently, MetalsFocus indicated that the average gold price is expected to increase by 23% year-on-year this year, while the gold jewelry Consumer in the region is expected to decrease by 8% year-on-year.
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%.