Gold is likely to have more upside potential in 2025, according to three members of the Bank of Singapore’s Investment Strategy & Research team.
Gold is likely to be helped in the medium to longer term by some of the policies of newly-elected US President Donald Trump, they say in a report.
Trump’s proposed tax cuts could raise concerns about the budget deficit, members said. A further rise in debt levels is likely to worsen the fiscal position and the attractiveness of US assets, thereby benefiting the precious metal, they added.
- Advertisement -
