Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Commodity>G Sachs Raises Gold Price Forecast to USD5.4K/ Ounce at End-2026
Recommend 11 Positive 21 Negative 4 |
||||
|
||||
|
Goldman Sachs has raised its year-end gold price forecast from USD4,900 per ounce to USD5,400 per ounce, given increasing demand from private investors and central banks. In Goldman Sachs' estimate, central banks will purchase 60 tons of gold per month this year. Meanwhile, the Fed rate cuts will also ramp up the scale of gold purchases by ETFs, as central banks have started to compete with private investors for limited gold reserves through traditional ETF purchase methods. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
