Is Recent Uncertainty in the Markets a Big Catalyst for Higher Gold Prices Going Forward
FinancialNewsMedia.com News Commentary PALM BEACH, Fla. , June 8, 2022 |PRNewswire| -- Gold always seems to be projected in the long term irrespective of short-term ups and downs. For example, Gold prices hit an all-time high in 2020 as the coronavirus pandemic wreaked havoc and the resulting uncertainty supported the precious metal but it has fallen and risen since then. Here is what expert analysts see what 2025 will look like. An article in Market Realist discussed where it would be in 2025. It said: "Fed Chair Jerome Powell indicated that the U.S. job market still has some way to go on the recovery path. Therefore, it might be some time before the Fed starts tightening again. Lower interest rates and a dovish monetary policy are usually positive for gold prices. According to the consensus compiled by SP Global, the price prediction for gold by 2025 is $1,675.7 per ounce. This is 8 percent lower than the prediction for 2022, which is $1,812.4 per ounce. The improving risk appetite and prospects of stimulus tapering down the line have capped the upgrades of gold going forward.
Is Recent Uncertainty in the Markets a Big Catalyst for Higher Gold Prices Going Forward
FinancialNewsMedia.com News Commentary PALM BEACH, Fla. , June 8, 2022 |PRNewswire| -- Gold always seems to be projected in the long term irrespective of short-term ups and downs. For example, Gold prices hit an all-time high in 2020 as the coronavirus pandemic wreaked havoc and the resulting uncertainty supported the precious metal but it has fallen and risen since then. Here is what expert analysts see what 2025 will look like. An article in Market Realist discussed where it would be in 2025. It said: "Fed Chair Jerome Powell indicated that the U.S. job market still has some way to go on the recovery path. Therefore, it might be some time before the Fed starts tightening again. Lower interest rates and a dovish monetary policy are usually positive for gold prices. According to the consensus compiled by SP Global, the price prediction for gold by 2025 is $1,675.7 per ounce. This is 8 percent lower than the prediction for 2022, which is $1,812.4 per ounce. The improving risk appetite and prospects of stimulus tapering down the line have capped the upgrades of gold going forward.