US Gold Reserves Reach Lowest Level in 90 Years as Global Central Banks Accumulate Gold: Expert Predicts Shift in Strategy is Imminent | Intellectia.AI
US Gold Reserves Reach Lowest Level in 90 Years as Global Central Banks Accumulate Gold: Expert Predicts Shift in Strategy is Imminent
Written by Emily J. Thompson, Senior Investment Analyst
U.S. Gold Reserves Decline: U.S. gold reserves have reached a 90-year low, dropping from over 50% of global reserves to just 20%, while other countries are significantly increasing their gold holdings, reaching a 49-year high.
Global Central Banks Shift: For the first time since 1996, foreign central banks now hold more gold than U.S. Treasuries, indicating a major shift in global financial strategies and a potential rebalancing in the market.
Investor Sentiment on Gold: Despite rising gold prices, a significant portion of institutional investors (39%) have no allocation to gold, suggesting a cautious approach rather than a speculative frenzy.
China's Gold Demand: China has seen a surge in non-monetary gold imports, and with the festival season in India, demand for gold is expected to increase, supported by ongoing global economic uncertainties.
Wall Street analysts forecast SGOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGOL is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
Wall Street analysts forecast SGOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGOL is USD with a low forecast of USD and a high forecast of 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.
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Current: 45.990
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Current: 45.990
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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.
