The American Goldman Sachs Group raised the goal of gold prices at the end of the year to $ 3100 an ounce against the background of the purchase of central banks and flows to alloys -backed trading boxes, highlighting Hamas Wall Street for the precious metal.
Analyst Lina Thomas and Dan Strewvin said in a memorandum that the demand from central banks may reach an average of 50 tons per month, which is more than expected previously, adding that in the event of a continuation of uncertainty about economic policy, including customs tariffs, the price may reach the price To $ 3300 an ounce against the background of the high speculation.
The current expectation indicates an annual increase of 26%, according to Bloomberg accounts.
Record numbers
Gold this year increased, achieving consecutive records in a series of 7 weeks that were built at the height of last year, and the sustainable progress of the commodity was driven by increased purchases by central banks, and a series of interest rate discounts by the Federal Reserve (American Center) and recently, Investors’ growing concerns about customs tariffs by US President Donald Trump.
“We repeat our recommendation to buy gold … We see a great hedge value in long gold centers due to the possible increase in commercial tensions.”
In addition, fears of inflation and financial risks “may pay central banks – especially those that maintain large reserves of US Treasury bonds – to buy more gold,” according to Westwinphene.
Other expectations
According to analysts, the most expected expectations, which came after Goldman retracted the expectations of the end of the year at 3000 dollars last month, came after the official sector purchases estimated at about 108 tons in December.
They also expected that there would be a “gradual boost” for holding the boxes circulating on the stock exchange, with two expected reductions by the Federal Reserve.
The amended expectation comes in parallel with a group of other upcoming ups from leading banks, including the City Group earlier in February, that prices reach $ 3000 an ounce within 3 months, with increased geopolitical tensions and commercial wars that Trump ignited to order on The origins of safe haven.
Gold rose in immediate transactions 0.67% to $ 2918 an ounce in the latest transactions, after set a record above $ 2942 last week.
Prices have increased by 45% during the past 12 months, exceeding the gains of 18% recorded by the global stock scale.
