Tuesday 18/Feb/2025 – 09:46 AM
Goldman Sachs Bank raised the target price of gold by the end of the year to $ 3100 an ounce, due to the purchases of the central banks and the flows entering the alloys -backed boxes, highlighting the Hamas Wall Street of the metal.
Average demand from central banks
According to Bloomberg, analysts Lina Thomas and Dan Strewvin wrote in a memorandum that the average demand from central banks may reach 50 tons per month, beyond previous expectations. They added that if the uncertainty about economic policies, including customs tariffs, may be continued, gold may reach 3300 dollars an ounce due to the high speculation centers.
The precious metal increased this year, recording records in a row in a seven -week rise chain, based on its record of its record last year, and the sustainable progress of the yellow metal was driven by increasing the purchases of central banks, and a series of interest rate discounts by the Federal Reserve, and recently, investor fears The increasing ads of customs definitions of US President Donald Trump, which caused a tremor in the market.
Funning policies raises the metal
Thomas and Westwinphene wrote: “If the high uncertainty continues with policies – including customs definition fears – the speculation centers may pay gold prices to $ 3,300 an ounce by the end of the year.”
In addition, the increasing fears of inflation and financial risks “may push central banks – especially those that maintain large reserves of US Treasury bonds – to buy more gold,” they said.
The most optimistic expectations – which came after Goldman retracted expectations of the price at the end of the year at $ 3000 last month – in the wake of purchases from the official sector estimated at 108 tons in December, when China acquired 45 tons of it, according to analysts.
The instant gold price was in the latest transactions near $ 2919 an ounce, after setting a record above $ 2942 last week.
