Gold Price Forecast The combination of robust central bank buying, anticipated Fed rate cuts, and escalating geopolitical tensions supports a bullish sentiment among strategists for gold prices reaching $3,000 per ounce by late 2025. Image: Bloomberg
S&P 500 Intra-Year Declines vs. Calendar Year Returns The S&P 500’s performance in 2024 reflects strong investor sentiment and a favorable economic backdrop, positioning it well for potential future growth despite looming uncertainties regarding inflation and geopolitical risks. Image: J.P. Morgan Asset Management
Gold Price Forecast Goldman Sachs forecasts gold will reach US$3,000 per ounce by late 2025, driven by central bank purchases, anticipated Fed rate cuts, and ongoing geopolitical tensions, differing slightly from futures market expectations. Image: Goldman Sachs
Stocks – MSCI China Index 12-Month Targets Persistent deflation and geopolitical tensions have led Goldman Sachs to take a more cautious stance on Chinese equities and their earnings potential. Image: Goldman Sachs Global Investment Research
Gold Spot Price Per Ounce Since 1920 The combination of soaring national debt, geopolitical instability, and concerns over currency devaluation creates a robust environment for gold prices to thrive. Image: BofA Global Investment Strategy
FMS Investors – Biggest “Tail Risk” Concerns about geopolitical conflict have risen among FMS investors, with 33% now viewing it as the biggest “tail risk” for the global economy, primarily due to its potential negative impact on financial markets and investments. Image: BofA Global Fund Manager Survey
Brent Crude Oil Prices Recent geopolitical tensions have led to significant fluctuations in Brent crude oil prices, marking the largest weekly increase since April, exacerbating inflation concerns as the rising energy costs ripple through the economy. Image: Deutsche Bank
China Exports China’s exports increased by 2.6% since October 2023, mainly due to demand from regions outside the U.S. However, challenges persist, including weak domestic demand and geopolitical tensions that may impact future trade. Image: BofA Global Investment Strategy
Gold Flows The largest inflow to gold funds in four weeks reflects a growing interest among investors amid expectations of interest rate cuts and geopolitical uncertainties. Image: BofA Global Investment Strategy
Japan Stocks vs. China Stocks Despite economic challenges and geopolitical risks, Chinese equities have rallied over the past 3 months. Image: BofA Global Investment Strategy
Annual Changes in Central Bank Gold Reserves The significant increase in gold reserves by China, Poland, and Singapore in 2023 reflects a broader trend of central banks expanding their holdings of bullion amid escalating geopolitical and economic risks. Image: BofA Global Research