đŽ Major banks expect gold to continue its record price rally through 2025 due to a recovery in large inflows into exchange-traded funds and expectations of additional interest rate cuts from major central banks around the world
đ Citibank said in a note: "Gold is expected to remain strong, as the US economy is clearly in the late cycle, with further deterioration in the labor market expected... and many central banks remain enthusiastic buyers."
đ As for Goldman Sachs, it said: "We reiterate our long recommendation on gold due to the gradual strengthening from lower global interest rates, structurally higher demand from central banks and the hedging benefits of gold against geopolitical, financial and recessionary risks."
đ JP Morgan said: "Strong physical demand from China and central banks has supported gold prices over the past two years, but the influx of investors, and retail-focused ETFs in particular, still hold the key to a more sustainable rise during the next easing cycle from the Fed."
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