Gold is getting closer to $3,000 and could soon test $3,100, according to Goldman Sachs. In fact, as noted by Reuters, the firm just “if policy uncertainty, including tariff concerns, remains high, Goldman sees the potential for gold to surge to $3,300 per ounce by year-end due to prolonged speculative positioning. The bank has also revised its central bank demand assumption upward to 50 tonnes per month from the previous estimate of 41 tonnes. If purchases average 70 tonnes per month, gold prices could climb to $3,200 per ounce by the end of 2025, assuming positioning normalizes,” Goldman Sachs added.
Read on for two Gold ETFs to consider right now...
|
VanEck Vectors Gold Miners ETF (SYM: GDX) According to Jeff Brown, the tech legend who picked Nvidia in 2016, before shares exploded more than 20,000% higher… President Trump recently made a shocking AI announcement in the White House… That could trigger a second wave of the AI boom… And send Sprott Junior Gold Miners ETF (SYM: SGDJ) Palantir just rocketed to $250 billion by helping companies extract value from user data. The big data gold rush is here, but the company that stands to profit the most may not be Palantir… A new disruption to smartphones gives users a share in the data profits, already facilitating +$325M in earnings and generating +$60M in revenue. And now you have a chance to be a part of it… Found this helpful? Share it with others. Written by Ian Cooper |