They must be the only Negative Gold Gurus Currently !?!
If anyone can show us WHY they are ...we are Happy to have a look ! AI Overview
Several major financial institutions and funds are forecasting higher gold prices in the near future, with some even predicting record highs. Bullion banks like JP Morgan, UBS, Deutsche Bank, Citigroup, and Goldman Sachs have all revised their price targets upward, with some predicting gold to reach $4,500 by Q1 2026.
Here's a more detailed look at specific forecasts and factors influencing them:
Institutions and their forecasts:
Goldman Sachs:
Has upgraded its spot gold targets to between $3,250-$3,520 for 2025, according to Discovery Alert, and projects short-term upside driven by real yield compression.
Bank of America:
Is also bullish, with a forecast of $3,500 for 2025, according to Discovery Alert.
UBS:
Has set ambitious targets, projecting gold to reach $3,500 per ounce by the end of 2025 and further climb to $3,600 by mid-2026.
JP Morgan:
Expects gold to stabilize in a range of $2,900-$3,200 through 2025, reports Capital.com.
Macquarie:
Is bullish, with predictions that gold may hit US$3,500 per ounce in Q2 2025.
Citi:
Expects gold to trade at an average of $2,900 in 2025, upgraded from $2,800.
BMG Group:
President and CEO Yavon Blashik forecasts gold reaching $4,000 per ounce by the end of 2025.
External Analysts:
Preliminary research suggests an upcoming gold rally, adding weight to the predictions of major financial institutions, according to Discovery Alert.
Factors driving these forecasts:
Central Bank Purchases:
Central banks have been net buyers of gold for years, and this trend is expected to continue, providing a strong tailwind for prices.
Geopolitical Uncertainty:
Elections and potential tensions, especially in the US and Taiwan, are seen as potential triggers for safe-haven flows into gold, according to Discovery Alert.
Interest Rate Cuts:
The pace of interest rate cuts in the US and Europe is a key factor, as lower interest rates reduce the opportunity cost of holding gold, according to the World Gold Council.
Inflation:
While inflation is expected to soften, it's still expected to remain above target, which could further support gold as an inflation hedge.
Dollar Weakness:
A weakening US dollar makes gold more attractive to international buyers, as it becomes cheaper in their local currencies, according to Capital.com.
Investor Sentiment:
Both retail and institutional investors are increasingly bullish on gold, with institutions building long-term positions, according to Discovery Alert.
Global Growth Uncertainty:
Uncertainty about global growth is also driving investors to seek safe-haven assets like gold.
NST Price at posting:
$20.99 Sentiment: Buy Disclosure: Held
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