I read from Straits Times and decided to buy some gold ETFs since I’m unsure if investing in physical gold bars or jewelry is as effective. I was surprised by how much gold prices can fluctuate even in relatively "peaceful" times (not counting the Ukraine-Russia war, as it has been ongoing for some time). I thought gold would be rather stable. I don’t have any particularly unforgettable experiences, but I believe it offers a sense of security, especially in turbulent times. I remember my ex-company giving away a small gold bar as the top lucky draw prize—that’s the lasting value of gold. For 2025, I expect gold to remain strong, possibly reaching new highs if inflation and global instability persist.
Gold Upgraded Again! $3500 or Even $4000 On The Way?
Goldman Sachs’ commodities research team raised their year-end gold price forecast to $3,700, noting upside tail risks that could push prices as high as $4,500. UBS responded to Goldman’s outlook by also revising its gold forecast upward to $3,500.
If a recession trade emerges, is gold the best choice?
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