Goldman Sachs analysts said on December 11th that with the long-term strength of the dollar, the price of gold still looks bullish. According to Goldman's analysis, US policy rates almost entirely drive investor demand for gold ETFs, and the dollar does not play an additional significant role in pricing. The strengthening of the dollar is unlikely to prevent central banks from structurally increasing their gold purchases, which are often made using dollar reserves. In addition, the trend of pump in the prices of the dollar and gold under uncertainty supports their role as tools for hedging in investment portfolios. Goldman Sachs predicts the price of gold at the end of 2025 to be $3000 per ounce.
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Goldman Sachs: Doların güçlenmesi altının Boğa görünümünü zayıflatamaz.
Goldman Sachs analysts said on December 11th that with the long-term strength of the dollar, the price of gold still looks bullish. According to Goldman's analysis, US policy rates almost entirely drive investor demand for gold ETFs, and the dollar does not play an additional significant role in pricing. The strengthening of the dollar is unlikely to prevent central banks from structurally increasing their gold purchases, which are often made using dollar reserves. In addition, the trend of pump in the prices of the dollar and gold under uncertainty supports their role as tools for hedging in investment portfolios. Goldman Sachs predicts the price of gold at the end of 2025 to be $3000 per ounce.