Gold Price Forecast Goldman Sachs forecasts gold will reach US$3,000 per ounce by late 2025, driven by central bank purchases, anticipated Fed rate cuts, and ongoing geopolitical tensions, differing slightly from futures market expectations. Image: Goldman Sachs
Spot Gold In 2025, gold may shine brightly, potentially reaching or exceeding US$3,000 per ounce, fueled by central bank purchases, anticipated Fed rate cuts, and persistent geopolitical tensions. Image: Bloomberg
Physical Gold Held by all Gold ETFs Globally Global gold ETFs have seen a decline in investor interest in recent years, while central banks have been aggressively buying gold. Image: J.P. Morgan
Gold Price Maintaining its bullish outlook, Goldman Sachs projects gold to reach US$3,000 per ounce by late 2025, driven by central bank purchases, expected Fed rate cuts, and ongoing geopolitical tensions. Image: Bloomberg
Performance – S&P 500 Relative to Gold Over the past six years, the S&P 500’s performance relative to gold has remained flat, a trend that has served as an important indicator of market sentiment for decades. Image: Morgan Stanley Research
Gold and U.S. 10-Year Real Rates Gold prices typically exhibit an inverse relationship with U.S. real interest rates, as investors often shift their holdings between gold and interest-bearing assets based on the opportunity cost of owning the precious metal. Image: Gavekal, Macrobond
Gold Net Long Managed Money on COMEX Gold positioning in the 93rd percentile, or at similarly high levels, often indicates that investors are seeking safe havens due to increased uncertainty. Image: Goldman Sachs Global Investment Research
Gold Gold prices have surged significantly this year, with analysts maintaining a bullish outlook for the precious metal through the end of 2024. Some experts predict that gold could reach or exceed US$3,000 per ounce by mid-2025. Image: The Daily Shot
U.S. Federal Debt Growth and Gold Price While the increase in U.S. federal debt has traditionally correlated with higher gold prices, multiple other factors significantly influence gold’s market value. Image: Deutsche Bank
Copper to Gold Ratio and U.S. 10-Year Treasury Yield The copper-to-gold ratio is often considered a leading indicator for the direction of the 10-year U.S. Treasury yield under certain market conditions. Image: The Daily Shot
Gold Spot Price Per Ounce Since 1920 The combination of soaring national debt, geopolitical instability, and concerns over currency devaluation creates a robust environment for gold prices to thrive. Image: BofA Global Investment Strategy