Jin Shi Data News on December 11th, Goldman Sachs: We do not agree with the view that the price of gold cannot rise to $3,000 per ounce by the end of 2025, given the long-term strength of the US dollar. We expect the price of gold to reach $3,000 per ounce by the end of 2025, and the reduced number of interest rate cuts by the Federal Reserve (rather than a stronger US dollar) is the downside risk to this forecast.
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Goldman Sachs: Disagrees that gold cannot reach $3000 under a strong dollar
Jin Shi Data News on December 11th, Goldman Sachs: We do not agree with the view that the price of gold cannot rise to $3,000 per ounce by the end of 2025, given the long-term strength of the US dollar. We expect the price of gold to reach $3,000 per ounce by the end of 2025, and the reduced number of interest rate cuts by the Federal Reserve (rather than a stronger US dollar) is the downside risk to this forecast.