Goldman Sachs(US:GS) Huan Qiu Wang·2025-12-14 02:50Group 1 - Precious metals, particularly gold and silver, have shown remarkable performance in 2023, with gold up 63.83% and silver up 114.35% as of December 12 [1][3] - Recent price movements indicate a divergence between gold and silver, with gold rising 0.47% to $4299.29 per ounce, while silver fell 2.5% and New York silver futures dropped by 3.88% [1][3] Group 2 - Analysts from Swiss Bank Pictet noted that silver is known for its price volatility, and recent gains were driven by its inclusion in the U.S. critical minerals list and rising expectations for Federal Reserve rate cuts, but the price reaction may have been excessive [3] - The World Gold Council predicts that gold will reach over 50 historical highs by 2025 due to increasing geopolitical and economic uncertainties, a weakening dollar, and sustained buying momentum [3] - Goldman Sachs has set an aggressive target price for gold at $4900 per ounce by the end of 2026, citing potential significant price increases if household or institutional investors continue to increase their gold holdings [3]