Goldman Sachs predicts gold price rise to $2,700 per ounce by 2025 due to US Federal Reserve rate cuts.

Goldman Sachs forecasts a rise in gold prices, predicting a target of $2,700 per ounce by early 2025, influenced by anticipated US Federal Reserve rate cuts attracting Western investment. Spot gold has risen 21% in 2023, reaching a peak of $2,531.60. The bank's outlook for other commodities like oil, copper, and aluminum remains cautious, citing weak demand, particularly from China, and adjusting price targets accordingly.

September 03, 2024
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