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According to Goldman Sachs analysts Lina Thomas and Daan Struyven, central banks demand might average 50 tons each month, which is greater than earlier forecasts.
In response to worries about inflation and fiscal risks, central banks—particularly those holding large amounts of U.S. Treasuries—might be motivated to boost their gold reserves, as pointed out by Goldman Sachs. Analysts also anticipate a “steady increase” in investments in gold-focused exchange-traded funds.
The analysts believe that if there is uncertainty in U.S. economic policy, such as tariffs on imports from various nations, the price of gold might rise to $3300 per ounce because of speculative actions. Bloomberg observes that this indicates a 26% rise in the price of gold for the year.
source: bloomberg.com
In response to worries about inflation and fiscal risks, central banks—particularly those holding large amounts of U.S. Treasuries—might be motivated to boost their gold reserves, as pointed out by Goldman Sachs. Analysts also anticipate a “steady increase” in investments in gold-focused exchange-traded funds.
The analysts believe that if there is uncertainty in U.S. economic policy, such as tariffs on imports from various nations, the price of gold might rise to $3300 per ounce because of speculative actions. Bloomberg observes that this indicates a 26% rise in the price of gold for the year.
source: bloomberg.com
