Markets Insider: 3 Reasons to Pile into Gold With the Metal Poised to Rally in 2025, According to Goldman Sachs
Article by Matthew Fox in Markets Insider
Investors should "go for gold" of all the commodities available to buy as it looks poised to continue its record rally into 2025, according to Goldman Sachs.
The bank said in a Sunday note that gold should hit $2,700 per ounce in early 2025, representing potential upside of about 7% from current levels.
Gold traded at about $2,523 per ounce Monday morning and is up about 21% year-to-date, outpacing the gains of the S&P 500 so far this year.
"In this softer cyclical environment, gold stands out as the ......