After a blistering rally that's seen gold notch a string of record highs, UBS has lifted its year-end price forecast by $300 to $3,500 an ounce, citing strong demand from central banks and investors, tightening supply and a flight to safety amid rising global uncertainty. The Swiss bank's latest note, published Monday, said it now expects central banks to buy 1,000 metric tons of gold this year...
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,700 an ounce, citing stronger demand from central banks and rising interest from investors seeking safe-haven assets amid recession concerns. In a note, the bank predicted prices could range between $3,650 and $3,950, and said a downturn could push prices as high as $3,880.
Investments focused on environmental, social and governance (ESG) factors tend to favor companies that score highly on certain criteria, such as climate change or corporate transparency. Tobacco giants, fossil fuel companies and weapons makers have typically been among those to have been excluded from sustainable portfolios.
Goldman Sachs is set to report first-quarter earnings before the bell on Monday. Wall Street expects earnings per share of $12.35 and revenue of $14.81 billion, according to LSEG.
Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group.
In a short trading week, we'll also see earnings from J&J, Abbott Labs, and ASML. A retail sales report will be the most important economic data release against the backdrop of ongoing tariff volatility.
More big banks are set to report earnings this week, along with entertainment and health care giants, after some of the world's biggest banks reported earnings Friday and markets capped off a volatile trading week as investors reacted to the latest announcements on tariffs.
CNBC's Jim Cramer on Friday told investors which market-moving events to follow next week. He pinpointed earnings reports from major banks like Goldman Sachs, as well as Johnson & Johnson and Netflix,
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