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<Commodity>G Sachs Maintains Gold Price Forecast at USD5,400/ Ounce by Yr-end
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Goldman Sachs maintained its optimistic outlook on gold prices, forecasting that gold prices will reach US$5,400 per ounce by end-2026, supported by central banks' diversification investments. Goldman Sachs expected a reappearance of speculative demand for gold and anticipated that the Fed will cut interest rates by about 50 bps, thereby lowering the opportunity cost of holding gold. However, near-term risks remain skewed to the downside, particularly if geopolitical tensions trigger further position closing activities. Auto-translated by AI AASTOCKS Financial News |
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