On October 23rd, Goldman Sachs maintained its target price for gold to reach $4,900 per ounce by the end of 2026. Goldman Sachs said that due to the growing interest in gold as a strategic portfolio diversification tool, we still believe that the risk of gold prices breaking through the forecast target of $4,900 by the end of 2026 is increasing. We believe that "sticky" and structured buying will continue.
Goldman Sachs maintains its target price for gold to reach $4,900 an ounce by the end of 2026. Goldman Sachs said that due to the growing interest in gold as a strategic portfolio diversification tool, we still believe that the risk of gold prices exceeding the forecast target of $4,900 by the end of 2026 is rising. We believe that "sticky" and structured buying will continue. (Gold Ten)
US President Trump: Trade agreements with the European Union, Japan and South Korea have been completed. The original agreement with South Korea is maintained.
Interest rate decisions: 1. Interest rate decisions: cut interest rates by 25 BP as scheduled, maintaining its wording on the future path of interest rates; one member did not support the decision. 2. Economic expectations: GDP growth in 2025 is expected to remain unchanged, and GDP growth in 2026 is expected to be reduced from 1.2% to 1.1%. 3. Inflation expectations: inflation expectations in 2025 and 2026 are expected to be reduced from 2.3% and 1.9% to 2.0% and 1.6% respectively. 4. Trade sit...
Gold is seeking a breakthrough in the shock, the US dollar index pays attention to the resistance, the euro maintains the shock pattern, and the pound is slightly weaker... Click to view...
Goldman Sachs maintained its bullish forecast for copper, expecting prices to reach $10,200 a tonne in the fourth quarter of 2025.
Gold maintains a downward trend, and it is still necessary to be vigilant against the risk of re-testing the low day; silver does not break the suppression of the chip peak, and it is still necessary to be careful of the continuation of the decline; US oil has stepped back on the chip-intensive area, and be vigilant against the fading of the previous rising momentum...
The rebound in oil prices has not broken the downward trend line and remains in a disorderly pattern. In the face of a large number of new policy positions, the oil market is showing signs of disorientation, and the bulls should continue to maintain this important downside defense line > >
On February 20, the People's Bank of China kept the quoted interest rate (LPR) for one-year and five-year loans unchanged at 3.1% and 3.6%, respectively.
The dollar held steady ahead of testimony from Federal Reserve Chairperson Jerome Powell later. Swissquote Bank analyst Ipek Ozkardeskaya said in a note that Powell is expected to be cautious about cutting interest rates despite growing pressure from Trump to lower them. U.S. economic growth remains solid, the job market is healthy and inflation remains stable, she said. Trump's stimulus policies and tariff threats could also fuel inflation, she said. Powell's cautious stance on rate cuts could ...