WPM241213C62000
- 0.35
- -1.10-75.86%
Wheaton Precious Metals Newsroom
The technical outlook "changes" after the gold price plummets! How will it proceed next? FXStreet's chief Analyst analyzes the technical prospects of Gold.
#Gold Technical Analysis# 24K99 News On Friday (December 13), during the Asian market session, spot gold rebounded slightly after a sharp drop yesterday, with the gold price currently around $2686 per ounce.
Institutions: The bull market for Gold may not be over yet.
The geopolitical and financial environment has become increasingly complex, making Gold reserve management more meaningful than ever before. Trump's rise to power seems less like the final chapter and more like an overture. As the imposition of tariffs globally may gradually transition from a 'campaign agenda' to reality, the continuation of de-dollarization and geopolitical changes remains a baseline assumption, and the probability of a short-term shift in central banks' attitudes towards Gold reserves is relatively low. Currently, there are no signs of a reversal or even a weakening in what drives this round of the Gold bull market; Gold should continue to maintain a bullish outlook.
Gold prices have plummeted! The World Gold Council: Market growth may slow down in 2025.
What will the future trend be.
Shares of Silver Companies Are Trading Lower Amid a Drop in the Price of the Commodity.
Wheaton Precious Metals' (TSE:WPM) Investors Will Be Pleased With Their Stellar 165% Return Over the Last Five Years
Gold plummeted during trading! World Gold Council: The rise in gold prices may slow down next year.
The World Gold Council points out that looking ahead, everyone's attention is focused on the impact of Trump's second term on the Global economy.
Contrary to Wall Street! WGC: The rise in Gold prices may slow down in 2025.
The World Gold Council (WGC) stated that after experiencing a record surge this year, the pace of gold price increases will slow down in 2025.
Express News | The World Gold Council: Gold prices are expected to achieve the best annual performance in over a decade, with positive but moderate growth anticipated next year.
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.
ING: Next year, the CSI Commodity Equity Index will experience a "Put year," while Gold will still shine!
① ING expects that the Global situation will put pressure on the Energy and CSI Commodity Equity Index markets, but the outlook for Gold remains bright. ② The report points out that Trump's tariff plans may disrupt the oil, Metal, and Agriculture markets; ③ However, ING predicts that the average Gold price will rise to $2,760 per ounce by 2025, primarily influenced by central bank purchases of Gold and the appeal of Gold as a safe-haven asset.
Gold Trade Alert: Two important data points in the USA may ignite market trends! FXStreet Analyst's analysis of gold price trading.
#Gold Technical Analysis# On Thursday (December 12), during the early European market, spot gold maintained a slight downward trend, with the current gold price around 2715 USD/ounce.
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%.
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.
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......
Gold Takes a Breather at $2,700 With All Eyes on US Inflation