ING Outlook: Gold Prices Forecast to Hit New Highs in 2025, Brent Crude to Decline

Publicado: Dec 12, 2024 15:55
[ING: Gold Prices Expected to Continue Reaching New Highs in 2025, Average Price to Rise to $2,760 per Ounce] ING stated in its 2025 outlook report that although Trump is unlikely to significantly impact US oil production, crude oil is expected to face pressure from strong non-OPEC supply growth. ING forecasts that the average price of Brent crude will decrease from the current approximately $74 per barrel to $71 per barrel next year. ING also mentioned that due to geopolitical concerns, gold prices are expected to continue reaching new highs this year, with the average gold price rising from the current approximately $2,713 per ounce to $2,760 per ounce in 2025. Most of the buying will come from central banks seeking to diversify their foreign exchange reserves, and the intensification of trade and geopolitical tensions may increase gold's appeal as a safe haven.

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[ING: Gold Prices Expected to Continue Reaching New Highs in 2025, Ave - Shanghai Metals Market (SMM)