Jinshi Data, September 17th News, Goldman Sachs predicts that if the Federal Reserve chooses to cut interest rates by 25 basis points this week, gold may face a slight pullback in the short term, but will subsequently reach a new record high with the influx of funds into gold ETFs. Goldman Sachs analysts Lina Thomas and Daan Struyven pointed out in their report that ‘the Fed’s rate cut will drive Western funds back into gold ETFs, a factor that has been largely absent during the gold rally in the past two years.’ They reiterated Goldman Sachs’ prediction that gold prices are expected to rise to $2,700 per ounce in early next year. Goldman Sachs economists expect the Federal Reserve to cut interest rates by 25 basis points on Wednesday. Under this basic forecast scenario, gold prices may experience some tactical pullback, but it is expected that as the Fed enters a loose cycle, gold ETFs will gradually attract capital inflows, thereby driving gold prices to pump.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
