Investment Banks Bullish on Gold, Cautious on Silver
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy GS?
Source: CNBC
- Gold Market Outlook: UBS forecasts that gold prices will reach $6,200 per ounce next month, maintaining a bullish long-term stance despite increased volatility, indicating confidence in the gold market's resilience.
- Silver Price Volatility: After a remarkable 150% annual gain, silver has recently plummeted over 30%, with UBS suggesting that prices need to fall further to attract investors, reflecting a cautious market sentiment towards silver.
- Investor Strategy Adjustment: The high volatility necessitates that investors carefully assess the expected returns on silver, as UBS warns that current price levels may lead to reduced industrial demand, impacting future market performance.
- Market Uncertainty: With the U.S. midterm elections approaching, concerns about policy implementation are rising, and both BofA and Goldman Sachs express cautious optimism about the future trajectories of gold and silver, emphasizing the need to monitor market dynamics closely.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GS is 848.09 USD with a low forecast of 604.00 USD and a high forecast of 1048 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 938.990
Low
604.00
Averages
848.09
High
1048
Current: 938.990
Low
604.00
Averages
848.09
High
1048
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Silver Price Volatility: After a remarkable 150% annual gain, silver has recently plummeted over 30%, with UBS suggesting that prices need to fall further to attract investors, reflecting a cautious market sentiment towards silver.
- Investor Strategy Adjustment: The high volatility necessitates that investors carefully assess the expected returns on silver, as UBS warns that current price levels may lead to reduced industrial demand, impacting future market performance.
- Market Uncertainty: With the U.S. midterm elections approaching, concerns about policy implementation are rising, and both BofA and Goldman Sachs express cautious optimism about the future trajectories of gold and silver, emphasizing the need to monitor market dynamics closely.
See More
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- Speculative Trading Impact: Analysts indicate that recent price swings are primarily driven by speculative flows and leveraged positions rather than physical demand, suggesting unstable market sentiment that could lead to further price corrections.
- Increased Margin Requirements: The CME Group raised margin requirements following last Friday's steep sell-off, a move that may suppress speculative activity and impact market liquidity, potentially exacerbating price volatility.
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