🚨 Goldman Sachs has doubled down on its optimistic forecast for gold, maintaining a structural bullish view on the precious metal
The investment bank predicts gold will reach $3,700 per ounce by the end of 2025 in its base case scenario, with further growth to $4,000 by mid-2026. Goldman’s analysis indicates that a recession could accelerate ETF inflows and drive prices even higher to $3,880. More dramatically, extreme risk events such as challenges to Federal Reserve independence or shifts in U.S. reserve policy could potentially catapult gold prices to $4,500 by year-end 2025. Source: www.goldsilver.com https://lnkd.in/eCau26HP
Total Returns over Last 20 Years:
US Stock Market $VTI: +658.4% / Gold $IAU: +658.4%, Source: Charlie Bilello
Gold knows
Gold is following the Japanese 30 year, pricing in "spillover" risks... Source: TME, LSEG workspace
Gold hit $3.600 for the 1st time
Source: Barchart
What's next for gold?
Here's the technical analysis view from J-C Parets: "After spending months coiling beneath the 423.6% Fibonacci extension, Gold futures are now resolving higher. This has been the pattern time and time again. Gold pauses at an extension level, builds energy, then launches to the next target. Every one of those continuation patterns has marked the beginning of another leg higher, and this one looks no different. As long as this breakout sticks, we think 4,500 is next". Source: All Star Charts team
Gold just hit all-time highs, 100 times the $35 it was in 1971 when Nixon closed the gold window
"The metal itself hasn’t changed; it’s still atomic number 79, the same as thousands of years ago. What changed is the dollar. Once it was tied to gold, now it floats, weakened by inflation and endless deficits. That’s why it takes over 100x more dollars to buy the same ounce". Source: StockMarket.News @_Investinq on X
In case you missed it... silver hits highest closing price in almost 14 years 📈📈
Source: Barchart
Belated "Nixon closing the gold window anniversary" post
SPX priced in gold (blue) v. SPX priced in USD (red) since August 1971 when Nixon closed the gold window. Source: Luke Gromen @LukeGromen
