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

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

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Gold price in Pakistan remain unchanged

Gold price in Pakistan rises Rs5,000 per tola

Gold holds firm amid fed rate concerns

Name	Price/Vol	%Chg/NChg
KSE100	170,811.40 68.09M	1.77% 2967.15
ALLSHR	102,837.88 130.81M	1.63% 1647.41
KSE30	51,231.12 34.46M	1.83% 923.11
KMI30	245,116.90 24.87M	1.69% 4075.73
KMIALLSHR	66,868.28 68.82M	1.67% 1099.36
BKTi	46,902.39 13.21M	2.17% 997.22
OGTi	36,204.02 2.92M	1.82% 646.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,370.00	77,495.00 76,105.00	1595.00 2.10%
BRENT CRUDE	97.71	100.73 97.10	-5.83 -5.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.30 0.27%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	90.91	93.90 90.32	-5.69 -5.89%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%