Gold/EUR

The ECB cut the deposit rate by 25bp, thus confirming the quarterly pace of cuts. We think this pace will be maintained, and still see the deposit rate at 2.25% at the end of next year. Financial markets are pricing in faster and steeper cuts. • The ECB cut the deposit rate by 25bp, in line with expectations, and repeated the central bank remains in a ...

The price of gold has soared to new heights this year and is positioned to climb into early 2025, rising to new record highs, according to Goldman Sachs Research. chart The precious metal has increased more than 20% this year, peaking at a record of more than $2,500 per troy ounce in August. Goldman Sachs Research forecasts the price will reach $2,700 by ...