Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25
(Bloomberg) — Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc., which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.
“Go for gold,” analysts including Daan Struyven said in a note, reiterating a target of $3,000 an ounce by December 2025. The structural driver of the forecast is higher demand from central banks, while a cyclical lift would come from flows to exchange-traded funds as the Federal Reserve cuts, they said.
2024 Bloomberg L.P. – November 2024
Gold to rally and hit US$3,000 next year, predicts UBS
Gold has lost a bit of shine in recent weeks but Swiss bank UBS still sees plenty of upside in the metal and has upped its targets for the current year and 2025.
“Gold has rallied as much as 36% from trough to peak this year and is up by a net 28% so far,” UBS noted.
“With prices holding well above $2600, even after the latest strong US employment print, it can be difficult to recall that gold was trading below $2000 less than 12 months ago.”
UBS expects the price to rally to US$2,800 by the end of this year and hit US $3000 in 2025 as broad buying continues with few sellers.
Proactive Investors – October 2024.
Nearly two-thirds of UK investors unprepared for new Capital Gains Tax rules
A survey of over 2000 UK investors, undertaken by Censuswide on behalf of The Royal Mint, reveals that less than a third (31%) of UK investors are aware of the new rule changes. However, over half (53%) of investors said the new rule changes will prompt them to create a wealth plan so that they can secure their current and future investment gains.
Royal Mint – September 2024.
Gold Prices Surge Above $2500. Is $3000 The Next Stop?
This comes as no surprise, considering the current macroeconomic backdrop is fuelling a “perfect storm” for Gold – firmly positioning the precious metal as one of the best performing asset classes of 2024.
Gold’s meteoric rise to glistening new heights has continued to go from strength to strength this year, significantly bolstering its iconic status as the ‘must-have’ asset class in every portfolio.
Daily Metal News – August 2024
Golden Opportunities: Maximising The Tax Benefits of Gold Investment
Gold’s role as a risk management tool within a diversified portfolio is widely recognised. However, with evolving policy landscapes, some forms of gold investment also offer additional tax benefits.
Royal Mint – July 2024
BRICS uses gold and oil to weaken the dollar
The economic alliance BRICS (Brazil, Russia, India, China, and South Africa) had a strong 2024 in terms of the de-dollarization mission: the production of gold and oil has become a key strategy to dethrone the US dollar.
Led by its five founders and the recently introduced member countries, the bloc is eager to abandon the US dollar as the main global reserve currency.
Cryptonomist – June 2024
