Reported 5 days ago
Gold prices increased after experiencing their worst weekly decline since 2021, rising over 1% to surpass $2,597 an ounce. This rebound follows the easing of the US dollar and speculation surrounding potential Federal Reserve rate cuts, spurred by Donald Trump's anticipated return to the presidency. Analysts believe lower borrowing costs may benefit gold, which is often seen as a safe investment. Goldman Sachs predicts a bullish outlook for gold, forecasting prices could reach $3,000 an ounce in 2025 due to ongoing economic uncertainties and central bank policies.
Source: YAHOO