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Goldman Sachs forecasts Gold higher amid Trump tariffs risks

Started by forex4you, Nov 19, 2024, 05:57 am

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Nov 19, 2024, 05:57 am
Goldman Sachs forecasts Gold higher amid Trump tariffs risks

Goldman 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

forexlive.com
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