"Goldman Sachs" abandoned its expectation of the price of gold up to $ 3000 in 2025

Global Investment Bank, Goldman Sachs, said that the price of gold will no longer reach $ 3,000 per gram more by the end of the year, and that it has postponed the date of its appreciation to the mid -2026, based on the expectations that the Federal Reserve will reduce the number of times. The slowdown in cash facilitation is expected to reduce the demand for funds distributed on the Golden Stock Exchange in 2025, which analysts, including Lina Thomas and Dan Strwection, will expect to expect prices to reach $ 2910 per gram at the end of the year. The flow that came less than expected to the boxes spread on the stock exchange during December through the decline in the uncertainty prevailing after the United States election also led to the start of the prices of a lower level than expected in the new year, and analysts wrote in a research note. The purchases of central banks are an important engine. Analysts said: “The factors affecting the price of gold in a contradictory – low demand for the purpose of speculation and the increase in the purchase of central banks in a structural way – has actually balanced with each other, which has retained gold prices within a specific series over the past few months.” Analysts added that the demand of the central banks to buy will remain a big driver for prices in the long run. “Given the future, we expect the average monthly purchases of gold to be 38 tons until mid -2026.” The precious metal rose 27% last year in a series of standard gain supported by cash facility in the United States, demand for safe haven and continuous purchase by central banks worldwide. But the high price of gold stopped in early November, as Donald Trump’s victory in the US election strengthened the value of the dollar. Recently, gold was under pressure, as Federal Reserve officials indicated that it is necessary to have a more cautious approach to reducing interest rates this year amid renewable fear over inflation. Goldman Sachs economists now expect to lower the interest rates by 75 basis points this year, lower than previous expectations that indicate 100 basis points. Expectations are more prone to financial facilitation compared to what the market now reflects, as the bank believes that the basic inflation tends to delay. Economists have expressed their doubts that the possible changes in policy during the Trump administration will lead to an increase in interest rates.