Go for gold! Prices of this asset could hit an all-time high in Donald Trump's presidency; Goldman Sachs cites these reasons
Will gold prices surge in 2025 during Trump rule?
The prices of standard gold could hit all-time highs in a a very short duration, and that is a good thing for the asset as it has been staying at moderate levels through 2024. The prices of gold pulled back over the course of November 2024, and is trading at around $2,600 as of now, which is a very ordinary figure as compared to the intraday all-time high of $2,790 in October last year.
What are Goldman's assessments about gold prices?
Goldman Sachs is of the opinion that there will arise a robust underlying demand for gold bullion among central banks who will be trying to permanently diversify their reserves away.
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This will be then seen as a knee-jerk reaction, based on the Biden government's call to freeze Russian assets as punishment for the invasion of Ukraine. Some central banks still view gold as a neutral asset and therefore will keep themselves invested in it so that they are not heavily prone to geopolitical risks like Russia did.
FAQs:
Will gold prices increase in 2025? Predicting the price of gold is a complex task, but there are chances that gold prices may see a rise after Donald Trump takes over as US President.
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