Copper to $12,000, Gold to $2,700, Says Goldman Sachs Goldman Sachs predicts record-high prices for copper and gold in 2024 due to increased demand from AI and defense sectors. The bank forecasts copper to reach $12,000 a ton and gold to hit $2,700 an ounce. This surge is driven by a “5D Bull Market” involving disinvestment, decarbonization, de-risking, data centers, and defense spending. Low investment in new production capacity and rising demand from AI, data centers, defense, and green transitions are tightening the market for critical metals. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Nigeria's Central Bank Raises Interest Rate to Tackle Inflation READ MORE Fed’s Kashkari: Public Prefers Recession Over High Inflation READ MORE Record High Credit Card Debt Strains American Finances Amid Inflation READ MORE Gold Rallies as Fed's Powell Hints at Inflation Progress READ MORE Global Bond Markets Surge Amidst Softening US Job Openings READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment