On December 31st, a set of data provided by the World Gold Council to reporters showed that since the beginning of this year, international gold prices have broken historical records 40 times, and the total demand for gold exceeded 100 billion US dollars for the first time in the third quarter. Goldman Sachs stated in its research report that the structural driving factors of international gold prices will remain robust in 2025. Due to central bank purchases and US interest rate cuts, it is expected that international gold prices will rise to a record high of $3000 per ounce. JPMorgan also stated that although international gold prices may fluctuate in the short term due to weakened expectations of US interest rate cuts, in the long run, the structural bull market remains unchanged, and it is expected that international gold prices will reach $3000 per ounce by the end of 2025. (Securities Daily)
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