Gold doubtless has extra upside potential in 2025, based on three members of the Financial institution of Singapore’s funding technique and analysis staff.
Gold will doubtless be helped within the medium to long run by sure insurance policies of US President-elect Donald Trump, they stated in a report.
Trump’s proposed tax cuts might increase considerations concerning the price range deficit, members stated. An extra improve in debt ranges will doubtless worsen the fiscal state of affairs and the attractiveness of U.S. belongings, thereby benefiting the valuable metallic, they added.
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