Goldman Sachs predicts gold will hit $2,700 per ounce next year, driven by ETF inflows, even as Fed rate cuts create short-term market setbacks
Tag:
Precious Metals
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Gold prices fell more than 1% amid a global market sell-off driven by economic concerns, but analysts believe the metal could regain its footing due to persistent uncertainties.
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Gold prices have skyrocketed to historic highs this year, driven in part by a surge in demand from China, the world’s biggest consumer of gold. Uncertain times and limited investment options are pushing Chinese investors towards gold as a safe haven asset.
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Palladium price falls below platinum for the first time in years, signaling a significant change in the precious metals market and impacting key mining companies.