Goldman Sachs forecasts Gold higher amid Trump tariffs risksGoldman Sachs sees gold as a strong hedge against potential risks from Trump-era tariffs, predicting prices will rise further in 2025.
I posted on their forecast yesterday:
Adding a little more now:
- GS highlights gold's role as a safe haven during heightened Trump trade tensions and tariff increases
- current policy uncertainty and recent market consolidation create a favorable opportunity for investing in gold
- structural demand from central banks and cyclical factors, like expected Federal Reserve rate cuts, as key drivers
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Goldman Sachs forecasts Gold higher amid Trump tariffs risks (https://www.forexlive.com/news/goldman-sachs-forecasts-gold-higher-amid-trump-tariffs-risks-20241118/)
forexlive.com