1. Bank of America: Analysts expect gold prices to rise to $2750 per ounce this year, supported by geopolitical uncertainty and rising inflation.
2. J.P. Morgan: The bank expects gold prices to reach $2863 per ounce, with increasing demand for safe havens amid the trade war.
3. Morgan Stanley: The bank expects gold prices to reach $2763 per ounce, with expectations of rising inflation and a weak dollar.
4. Deutsche Bank: The bank expects gold prices to reach $2725 per ounce in 2025, with a possibility of declining to $2620 by the end of the year.
5. General expectations: Many financial institutions expect gold prices to reach $3000 per ounce if the trade war escalates and geopolitical tensions increase.
Factors affecting gold prices:
- Trade tensions: The imposition of tariffs between the United States, China, and the European Union may lead to rising inflation and weak economic growth, which boosts demand for gold.
- Inflation: Rising inflation rates reduce the purchasing power of the dollar, making gold more attractive as a store of value.
- Dollar weakness: Any decline in the value of the US dollar usually leads to an increase in gold prices, as gold is traded in dollars.
- Monetary policies: If central banks adopt expansionary monetary policies (such as lowering interest rates), this may support rising gold prices.
Summary:
In light of the escalating trade war and economic uncertainty, gold is likely to continue playing the role of a safe haven for investors, with expectations of its prices rising to new record levels during this year. However, prices may experience short-term volatility due to rapid political and economic developments.#TraderProfile #gold #BTC #USDT