Goldman Sachs has exited its long-term bullish position on copper and lowered its copper price forecast for 2025 by nearly $5000, citing shrinking demand. The bank has been one of the biggest supporters of copper, but now expects an average price of $10,100 per tonne next year, down from the previous forecast of $15,000 per tonne proposed by analysts Jeffrey Currie and Nicholas Snowdon. Copper prices soared to a new high of over $11,000 per tonne in May due to a large influx of funds, but have since declined by about 18%. Goldman Sachs also stated that gold is the commodity in which they have the strongest confidence in the recent pump, and maintained a target of $2700 per ounce for early 2025.
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Goldman Sachs 2025 bakır fiyatını 5000 doların altına düşürdü, hala güçlü Boğa altın
Goldman Sachs has exited its long-term bullish position on copper and lowered its copper price forecast for 2025 by nearly $5000, citing shrinking demand. The bank has been one of the biggest supporters of copper, but now expects an average price of $10,100 per tonne next year, down from the previous forecast of $15,000 per tonne proposed by analysts Jeffrey Currie and Nicholas Snowdon. Copper prices soared to a new high of over $11,000 per tonne in May due to a large influx of funds, but have since declined by about 18%. Goldman Sachs also stated that gold is the commodity in which they have the strongest confidence in the recent pump, and maintained a target of $2700 per ounce for early 2025.