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 Final Week of Q2 to Feature Fed's Preferred Inflation Measure READ MORE LBMA and WGC Push for Gold's Upgrade to HQLA Status Under Basel III READ MORE Argentina's $5 Billion Gold Gambit: Reserves Moved for Potential Collateral READ MORE Gold Clings to Stability Amid High Interest Rate Fears READ MORE U.S. National Debt Soars to Dizzying Heights, Joining Global Debt Pile-Up READ MORE Add a Comment Cancel replyYour email address will not be published.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