Gold and silver expectations have risen!

Gold prices, which had experienced a rise due to the impact of the US elections and tensions in the Middle East, had erased their gains and fallen following Donald Trump's victory in the elections.

In recent days, a critical forecast for gold, which has been exhibiting a volatile trend, has come from the banking giant. JPMorgan has updated its forecast for gold and silver prices upward.

RALLY IN GOLD

Gold prices have shown a volatile trend in recent days after experiencing a decline following Trump's victory. A new forecast regarding gold prices has come from the banking giant JPMorgan for gold prices, which have been exhibiting a volatile trend due to critical developments.

Stating that the trend for gold per ounce is upward, JPMorgan predicted that prices would rise to the 3,000 dollar level in 2025. In its previous forecast in July, JPMorgan had estimated the gold price at 2,800 dollars.

On the second trading day of the week, at 15:02, an ounce of gold is trading at 2,625 dollars.

2025 WILL BE THE YEAR OF SILVER

Silver prices have been among the leading investment instruments that have provided profits to investors with their quiet but steady rise in recent years.

The banking giant stated that the price of silver will continue its rise in 2025 and projected that it will rise to the 38 dollar level per ounce by the end of next year. In July, the bank had predicted that the price of silver could be 36 dollars.

Silver is trading at the 30 dollar level during the same time zone in today's afternoon session.

NEGATIVE SCENARIO FOR COPPER

Copper prices were subject to a mixed trend in 2024. JPMorgan has changed its forecast for the red metal, which has seen sudden pricing since the beginning of the year. Emphasizing that it is highly likely that copper prices will fall further in the short term, JPMorgan assessed, "We expect it to recover to the 10,400 dollars/ton level by the 4th quarter of 2025."

News Source: 12punto