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G Sachs Predicts Central Banks' Demand, Fed Rate Cuts to Drive Gold Prices to US$3K in 2025
Goldman Sachs released a report predicting gold to reach new highs in light of central banks' demand for gold and the prospect of US rate cuts next year. As a result, the broke...
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G Sachs Predicts Central Banks' Demand, Fed Rate Cuts to Drive Gold Prices to US$3K in 2025
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Goldman Sachs released a report predicting gold to reach new highs in light of central banks' demand for gold and the prospect of US rate cuts next year. As a result, the broker listed gold among top commodity trades for next year with prices likely to rise further during US President Donald Trump's term, while reiterating the target price for gold in December 2025 at US$3,000 per ounce.

If trade tensions escalate unprecedentedly, Goldman Sachs added that it could trigger speculative buying of gold. Meanwhile, growing concerns about US fiscal sustainability may lead central banks to opt for purchasing more gold.

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