Gold Futures Fall But Should See Further Gains in 2025
Gold futures fall 0.7% to $2,675.40 a troy ounce. Gold saw a sharp selloff after Donald Trump's victory in the U.S. presidential election, and is down 2.6% on week. That said, gold looks a good bet going into 2025 despite the post-election reset in prices, RBC Capital Markets analysts say in a note.
Precious metals have been the lone positive notional sector in the commodities space for two months in a row, the Canadian bank says. Gold notched several fresh record highs and the return of investor flows have led to an increase in assets under management, RBC says. While this was all pre-election, gains are still anticipated next year, RBC says. "While ETF outflows have been the story so far in November, we do think the macro story will help stabilize the space before year end," RBC adds.
Source : Dow Jones Newswires
