The price of gold will rise next year to a record level of $3,000 per troy ounce - this will happen thanks to purchases from central banks and lower interest rates in the United States, according to a forecast from Goldman Sachs, which writesBloomberg.
Analysts predict that by the end of 2025 the precious metal will rise in price to this level, including thanks to the policies of the administration of US President-elect Donald Trump, since “an unprecedented escalation of trade tensions could revive speculative positions in gold.” So far, gold, on the contrary, has fallen in price after the Republican’s victory in the elections. In the first five days, it lost a total of seven percent and reached 2.55 thousand per ounce.
Such a reversal (in the months leading up to the elections, the asset, on the contrary, rose in price, regularly updating historical highs) was associated with the strengthening of the dollar and expectations that Trump’s policies will lead to the resolution of conflicts, against the background of which investors are shifting from protective assets to more profitable ones. At the time of writing, gold moved to growth, almost reaching 2.6 thousand dollars against the backdrop of geopolitical tensions.
