Gold Drops 5.5% From 3-Month High but Goldman Sachs Still Sees 10% Upside
Gold has fallen 5.5% from the 4,697 three-month high it reached on August 25, trading near 4,436 at press time. Goldman Sachs still expects 4,900 by year-end. The slide has pushed the metal under its 200-day moving average. Barchart said gold has now recorded multiple closes below the line, the first since early June. Gold The post Gold Drops 5.5% From 3-Month High but Goldman Sachs Still Sees 10% Upside appeared first on BeInCrypto.
Key Takeaways
- Gold has fallen 5.5% from the 4,697 three-month high it reached on August 25, trading near 4,436 at press time.
- Goldman Sachs still expects 4,900 by year-end.
- The slide has pushed the metal under its 200-day moving average.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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