Money and business
Goldman Sachs: Gold prices may rise to $ 5,000
It reported a note for a bank "Goldman Sachs" That Gold prices. "The damage of the central bank will lead to high inflation, low stock prices, long -term bonds, and erosion of the position The dollar as a backup currency. While gold is a value of value that does not depend on confidence in institutions."
3 scenarios, including one confirmed and the bank identified a set of possible scenarios for the yellow metal, with a basic expectation of a rise to 4 thousand dollars an ounce by mid -2026; And the so -called scenario "Maximum risk" At $ 4,500; And estimate of about 5 thousand dollars, if only 1% of US Treasury’s bond investments turned into investment in gold. "Accordingly, assuming the stability of all other factors, gold remains our highest recommendation for long -term investment in the commodity sector"." target ="_Blank"> The alloys The golden is the most powerful performance of the basic commodities this year, as their prices have increased by more than 30%. This rise has strengthened the accumulation of liquidity with central banks, and the stakes to reduce almost certain interest rates in America. He recently received additional support as President Donald Trump moved to impose the control of the largest central bank, including his endeavor to dismiss the bank’s board member Lisa Cook. - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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