Gold Price Rise: What is the forecast of Goldman sacks on the price of Gold. According to the News report the Trump Govt is looking ahead to reduce the Gold reserve and invest heavily on the Bit coin. Goldman sacks has increased the target price of Gold for the year 2025. Their prediction is based mainly on the two following reasons-
Highest Ever Inflow in the Gold ETF– Demand of Gold is rising constantly due to the heavy cash in flow in the Gold ETF. Due to this the demand is increasing which may be the primary cause of increase in the Gold price.
Highest ever Gold bought by central Bank: Most of the countries like India, China and Russia are purchasing gold highest ever to strengthen the currency and also to reduce their dependency on the Dollar. Whenever there is a sanction during the war, whatever dollar reserve they have are feezed. Since, the world have noticed this during Russia Ukraine wars, they are making it as the precautionary step.
What the Goldman sacks have to say about the increase in Gold Price: According to the Goldman sacks report the Gold price will reach to $3300 per oz. Previously they have predicted the price to be $3100/oz. Goldman sacks has predicted that the Gold price can range in between $3250-$3500/oz.
Benefit for the investor: With the rise in the price of Gold it is expected to get a good return for the investor. If the Gold price reaches $3300-$3500/oz it will be a very good return for the investor who will invest now, but it will be more profitable for those who had invested during 2023 or 2024. Last year Gold has given a return of approximately 30%.
Impact on the Gold price in India: India has the largest consumer base for the gold, with the rise in the price it will be more expensive to buy jewelry but at the same time it will be great opportunity for the investor.
What Goldman sacks has to say about investment in Gold: With so much of ups and down in the stock market, there is a tariff war already on the way to show it’s impact sooner after 2nd of April, inconsistency with the dollar and a war to replace the Dollar with some other currency, it will be a great opportunity to invest in Gold where there is an opportunity to have a good return for the investor.
America Bitcoin Super power: Trump govt has already shown the sign of investing in Digital Gold Bitcoin after reducing their highest reserve of Gold. Trump govt is likely to make America the super power of Bit coin.
Banks bullish view on Precious Metal: The banks have a bullish view on the precious metal. Official sector appetite could average about 70 tons a month this year-up from the previous estimate of 50 tons.
Gold price in India: Gold price is at historical high. Each and every day the price of precious metal is making a new high. Gold price has increased from 86990 to 87410 with 0.48% rise. Within this year the Gold price has given a massive return of 30%.
Future Gold Price In India: At the end of this year it is expected to cross 1 lakh per 10 gram of Gold as per the Goldman sacks report.
Conclusion: At the time when there is a tariff war going on, instability in the stock market with the, geo-political situation is on the risk, dollar dependence is on the stake, it might be a golden opportunity to invest in Gold, where it is expected to have a CAGR of 25-30%.