To The Moon

With the Federal Reserve's interest rate meeting in December last year and the landing of the dot plot, a recent Goldman Sachs report pointed out that gold prices are no longer expected to hit US $3,000 per ounce by the end of 2025, but need toArrival postponed until mid-2026,In other words, the newly revised view is about half a year later than the original judgment.

In 2024, the price of gold will soar by 27.6%, outperforming most major asset classes except the pie and natural gas accident. Statistics in this area, I mentioned in the previous article, the market generally believes that this wave of rise in gold prices is affected by the loose monetary policy of the Federal Reserve, increased demand for safe havens, and continued gold purchases by global central banks.

However, since the beginning of November last year, Trump's victory in the election has boosted the trend of the US dollar, and the US Dollar Index has launched an upward offensive for about three months so far, which has plunged the gold price into an adjustment trend.

The Goldman Sachs Struyventu team released a report in November last year saying that gold prices are expected to rise to $3,000 per ounce by the end of 2025.

Now that a quarter has passed, the Goldman Sachs Struyventu team said that considering that U.S. inflation will continue to decline, the Federal Reserve is expected to cut interest rates by 75 basis points this year, lower than the previously expected 100 basis points, and the slowdown in the pace of U.S. monetary policy easing in 2025 will curb gold ETFs. demand, therefore,Goldman Sachs expects gold prices to reach $2,910 per ounce by the end of this year.

To sum up in a simple sentence, the direction is still bullish, but the pace is slower than before, which is just a difference of $90 per ounce. As long as the market gives some excuses, the price of gold will accelerate.

I still emphasize that conclusion again. Gold has a traditional spring offensive market. the US Dollar Index is most likely to be at the end of its strength and is building a complex top. Once the top is confirmed, it means the start of the real spring offensive of gold prices. Optimistic about the performance of gold prices in 2025!

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