Gold jumps as Goldman reiterates $3,000 target for 2025

MG News | November 19, 2024 at 11:28 AM GMT+05:00

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November 19, 2024 (MLN): Gold surged by the most since August as Goldman Sachs Group Inc. reiterated a forecast for prices to reach $3,000 an ounce next year.

The precious metal extended gains to $2,621 an ounce after jumping almost 2% yesterday, with Goldman Sachs analysts advising investors to “go for gold.”

The rebound comes after the bullion fell by as much as 9% after Donald Trump’s US presidential election victory, which spurred a dollar rally.

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Name	Price/Vol	%Chg/NChg
KSE100	178,150.76 149.31M	1.26% 2223.02
ALLSHR	107,740.26 349.52M	1.24% 1320.46
KSE30	53,316.13 45.64M	1.33% 700.31
KMI30	251,391.82 50.62M	1.44% 3575.47
KMIALLSHR	69,059.06 200.64M	1.21% 826.37
BKTi	50,712.73 16.60M	1.25% 627.52
OGTi	35,098.78 2.63M	1.03% 356.16

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,880.00	66,040.00 65,165.00	695.00 1.07%
BRENT CRUDE	88.40	88.99 88.11	-0.82 -0.92%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	119.80	0.00 0.00	0.10 0.08%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	82.06	82.74 81.82	-0.42 -0.51%
SUGAR #11 WORLD	14.81	14.94 14.73	-0.02 -0.13%