500% Increase in GOLD Demand! Your GOLD & SILVER Are About to Become 'Priceless' - Vince Lanci

500% Increase in GOLD Demand! Your GOLD & SILVER Are About to Become "Priceless" - Vince Lanci

Goldman Sachs recently increased its gold price target, predicting a 10% rise to $3,000 per ounce by December 2025. According to financial trader Vince Lanci, this forecast is based on an updated analytical framework that considers recent trends and the key drivers behind gold’s price surge.
The gold market has seen heightened volatility but remains resilient, with buyers consistently entering on each dip. Lanci notes that the market is expected to pay close attention to upcoming Non-Farm Payroll figures, as this data could introduce further fluctuations. However, the overall outlook remains positive: even as the price retreats slightly in early trading, recent bullish signals, including a previously formed flag pattern, suggest the potential for continued upward momentum.
Key technical levels provide additional support for this bullish sentiment. The $2,700 level is a significant support, with the 50-day Exponential Moving Average at approximately $2,630 reinforcing this foundation. The market’s recent ascent to the $2,800 level, and subsequently to $3,000, underscores a solid upward trend bolstered by geopolitical tensions and increased central bank activity.
Central banks worldwide have accelerated their gold purchases while concurrently lowering interest rates. This activity enhances gold's appeal as a safe-haven asset, particularly during periods of uncertainty. As central banks bolster their reserves, they add a layer of stability to gold’s role as a store of value. This aligns with Lanci's observation that investors are increasingly drawn to gold for its safe-haven properties and its potential for gains, recognizing the secure footing that central bank demand brings to the market.
Gold’s upward momentum has persisted this year, with prices climbing by nearly a third and hitting fresh peaks last week. This rally has been fueled by increased central bank purchases and strong safe-haven demand from investors. However, while the broader market remains bullish, there are signs of cooling in China—the world’s largest gold consumer—where record prices and economic challenges have begun to weigh on demand, particularly in the jewelry sector.
Recent data from the China Gold Council indicates that gold demand in China fell by 22% in the third quarter of 2024 compared to last year. Jewelry demand took the most brutal hit, dropping by 29% to 130 tons, as the high cost of gold deterred consumers already facing financial pressure due to the country’s economic slowdown. Demand for gold bars and coins also declined by 9%, reaching 69 tons. According to Bloomberg’s analysis, high prices and economic strain have created a challenging environment for gold retail in China.
Meanwhile, financial trader Vince Lanci highlights an intriguing market dynamic as prices fluctuate. If silver prices decline, it can create a "bluffing" situation in which significant buyers temporarily hold back on their gold bids. This approach allows them to let the price cool, setting the stage for a more significant buy-in when gold dips again. This tactic is part of a broader pattern where market patience creates a chain reaction, cooling prices before the next wave of purchases.

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[floydchusset]

i think now is the best time to invest in gold in other to make good profit from it . but hope it stays long upwards, still need more help on guidelines to know how the sliver market will turn out .

[WhitneyMorgan]

Agree. Very likely we r headed for a decade long bear market in all western assets. It will be a period of geopolitical n currency changes. Within US this is the chance to do the long-needed economic n social n government reforms. If we succeed, US will be on a long-term sustainable growth path in a decade. But we must take the pain 1st n do the adjustments. From investing pov, sell all US, european equities n bonds. Go long Gold and Crypto. Go long emerging market I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to JinnyFranz whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[ryansav]

Gold is the real currency in the universe

[MrRoundwound]

If they become priceless, that is a very bad thing.

[kingofjamrock]

$3000 by end of 2025.. BS.. I'm long for gold at $2900 for End of December 2024.. Sounds like they trying to keep people in the market..

[cfield]

LOOK AT WHAT CHINA PER OUNCE. at $150.000$ oz balances our debt