Updated Forecasts from Goldman Sachs
Goldman Sachs has recently adjusted its forecasts for gold and oil, which is significant in times of global uncertainties. Here are the key points from the updated predictions.
Gold: Positive Perspectives
Forecast for 2025: Goldman Sachs expects that the gold price could rise to a new all-time high of up to $3,000 in 2025. The drivers are inflation, geopolitical tensions, and the search for safe investment forms.
Investment Strategy: In economically uncertain times, gold is considered a safe investment. The optimistic gold forecasts could promise investors a stable return.
Oil: Caution Advised
Forecast for 2025: The outlook for the oil market is less optimistic. Due to OPEC+’s announcements, new US tariffs, and a rising recession risk, Goldman Sachs has downgraded its oil price forecasts. An average price of about $69 per barrel for Brent and $66 for WTI is expected.
Investment Strategy: Due to uncertainties and potential overproduction, it is advised to reduce oil positions. Geopolitical tensions could lead to price fluctuations in the short term, which risk-tolerant investors might exploit.
Recommendation and Conclusion
Goldman Sachs recommends viewing gold as a safe investment and assessing oil positions cautiously. This strategy could help stabilize portfolios in turbulent economic times.