Gold price rises to $2584 per ounce, analysts predict further growth

Kyiv • UNN

Nov 18 2024, 08:21 AM • 15326 views

The gold price reached $2,584 per ounce and continues to rise. Goldman Sachs predicts further growth to $3,000 per ounce by December 2025 due to strong demand from central banks.

Analysts believe that by December 2025, the gold price will rise to $3000 per ounce.

Writes UNN with reference to FXStreet and XTB.

Gold prices rose on Monday. Quotes added almost 1% as the dollar stopped strengthening. Currently, the gold price has reached $2584 per ounce and may be adjusted to around $2600.

At the same time, Goldman Sachs maintained its target gold price of $3,000 per ounce until December 2025.

TikTok's parent company was valued at $300 billionNov 17 2024, 09:22 PM • 20645 views

According to the bank, the main catalysts for growth will be strong demand from central banks, inflows to exchange-traded funds, and the Federal Reserve's interest rate cuts.

Gold price recovers after the biggest drop since July: what's happening on the marketNov 1 2024, 08:47 AM • 14673 views

Ihor Telezhnikov

Economy News of the World

TikTok

Brovary community allocates over UAH 4.4 million to restore households affected by Russian shelling

Expert: Absence of Public Council at ARMA benefits Duma, head of the agency

Head of CRAIL is being served with a notice of suspicion under several articles - source

Organized criminal group headed by Hetmantsev. Former head of Khmelnytsky region tax office tells who really runs the State Tax Service

DBR detains head of KRAIL Ivan Rudyi: what is known

The expert spoke about the role of foreign assistance in implementing energy efficiency measures in Ukrainian communities

Resistance is growing in occupied Crimea - acting presidential envoy

Since the beginning of the full-scale war, 30 thousand forensic examinations have been conducted at the Kyiv Scientific Research Institute of Forensic Expertise, which mostly concerned the consequences of Russian aggression

"eHomeland"? The Ministry of Social Policy told about a platform for Ukrainians abroad

The method of population census through the NBU cannot be implemented - Ministry of Social Policy

Will there be power outages tomorrow? Yasno CEO made an important statement

Rutte confirmed that NATO is taking over coordination of military assistance to Ukraine from the US: details

The case of former Deputy Minister of Community Development Lozynskyi: a verdict has been announced for one of the participants

Zelenskyy and Rutte to discuss security guarantees for Ukraine in Brussels

Rutte expects Ukraine to receive 19 air defense systems to protect critical infrastructure

NABU and SAPO failed: HACCU Appeals Chamber once again refuses to take Kriuchkov into custody

False start or deliberate attention-grabbing: ARMA Head Olena Duma is again promoting high-profile cases, but is it too soon

ARMA has been operating without public oversight for three months: does the agency have anything to hide

Business for a cohabitant or what one of Sokur's tax officials is hiding from the NACP

Disability marathon: can the head of ARMA Duma avoid responsibility

Volodymyr Zelenskyy

Emmanuel Macron

Donald Trump

Mark Rutte

Herman Galushchenko

Ukraine

Kyiv

Brussels

United States

France

Trump appeared in public with a new hairstyle: the network reacted

Little inhabitants of Antarctica: Ukrainian polar explorers show newborn penguins

It was an unconvincing story: Blake Lively and Ryan Reynolds caught in scandal over 'working-class background'

Angelina Jolie's son gets an important position in her new movie in Paris

Hollywood actor Tom Cruise receives the highest award of the US Navy

Sukhoi Su-30

Boeing AH-64 Apache

Dassault Mirage 2000

Sukhoi Su-24

Mikoyan MiG-29

Gold price rises to $2584 per ounce, analysts predict further growth