What is the fate of gold in the coming days, what will happen in the global market for the yellow metal, and what is the surprise that turned the scales in the gold market, and is the yellow metal still a profitable investment.. Watch the details with us in this video, and we will stay with you until the end.
Of course, we are all following what is happening in the global gold market, and how prices have begun to fall dramatically, and the expectations that said that gold will still fall again with Trump’s new policy, which will focus on strengthening the dollar and avoiding accelerating interest cuts, and this means that the price of gold will fall, but these expectations appear to be not certain. What was said by the international bank Goldman Sachs, which went against the trend and advised buying gold, and not only that, it also expected the price of an ounce to reach 3000 dollars..
Ok, what did the Goldman Sachs group base its latest forecasts on? Look, sir. The financial group said that the price of gold will rise to a record level next year, meaning in 2025, thanks to central bank purchases and the US Federal Reserve being forced to reduce interest rates in the United States, and it included the yellow metal among the best trades. Basic commodities for the year 2025. She said that prices will expand their gains during the presidency of Donald Trump and not the other way around.
Financial analysts at the International Financial Group advised investors to go to gold and confirmed that the price of an ounce will reach $3,000 per ounce by December 2025. They said that the structural driver of expectations is the rise in demand from central banks, while the periodic rise will come from flows to ETFs with a reduction in… The Federal Reserve Bank…what does this mean?..Look, sir, this means that Goldman Sachs bet on an increase in central banks’ purchases of the yellow metal in order to increase prices in the coming period. With the continuing economic and political crises in many regions of the world, these are factors that have nothing to do with Trump’s economic policy, and that central banks will increase their stocks of gold in the coming period, and with increased demand, the price will increase in the year 2055.
As we know, gold prices recorded successive record highs in 2024 before declining after Trump won the White House, which strengthened the dollar. But at the same time, Goldman expected that the Trump administration would help raise gold prices due to the unprecedented escalation of trade tensions, especially with China and Russia, which… Speculation in gold could be revived, apart from the growing concerns about the financial sustainability of the United States and that central banks, especially those that hold large reserves of US Treasury bonds, may choose… Buy more precious metal.
Regarding the latest price of gold in spot transactions, it reached $2,584 per ounce, after reaching its peak above $2,790 last month.. In Egypt, of course, there will be an impact on the Egyptian market because, like any market, it is linked to the dollar and the global price of the yellow metal, but we must be careful about A very important thing is that gold will be one of the best investments available, because it is a long-term investment and its value increases with the passage of time. Also, if Goldman Sachs’ expectations are fulfilled, gold will remain the investment. Optimal in the coming months.
