Major Wall Street banks are extremely bullish on one asset for 2025

Seven major Wall Street banks, including JPMorgan Chase and Bank of America, are extremely bullish on one specific asset for the year 2025. The major banks in question see gold moving to new all-time highs, thanks to interest rate cuts, but also investments from central banks.

Investors jumping on gold?

In addition to interest rate cuts and investments by central banks, banks also expect increases for the precious metal as a result of private individuals investing in gold ETFs.

JPMorgan said: “Strong physical demand from China and central banks have supported gold prices over the past two years, but retail investment flows and ETFs remain key to further gains during the coming cycle of Federal Reserve interest rate cuts. bank).”

Meanwhile, Goldman Sachs analysts also indicate that they expect more investors to opt for gold in the coming months to protect their capital against potential macroeconomic headwinds.

Goldman Sachs thinks that private individuals will be responsible for 33% of the increases, while central bank investments in gold should account for 67% of the increase.

What will the gold price do in 2025?

Goldman ultimately expects a gold price of $2,900 in early 2025 and sees the price rising to $2,973 by the end of the year. Other Wall Street giants see a gold price of $3,000 as a good opportunity.

In theory, this could also be bullish for Bitcoin, because the digital currency is of course seen as the digital version of gold.

Could 2025 be the year in which Bitcoin rises to all-time highs again or might we see the market switch completely to gold? We will find out in the coming months, as the major investment banks of Wall Street make these predictions for the year 2025.

Gold is now trading at a rate of $2,650 per ounce. At that rate, gold experienced an increase of almost 30% in the year 2024.