Goldman Sachs Predicts Gold Will Hit $4,900 by Year-End
Goldman Sachs analysts forecast gold prices will reach $4,900 per troy ounce this year, supported by central bank demand, which is expected to reach 50 tonnes of gold per month. Nonetheless, the analysts did not consider elevated demand for gold hedges via ETFs. Goldman Sachs: Gold to Rise to $4,900 on Central Bank Demand With […]
Key Takeaways
- Goldman Sachs analysts forecast gold prices will reach $4,900 per troy ounce this year, supported by central bank demand, which is expected to reach 50 tonnes of gold per month.
- Nonetheless, the analysts did not consider elevated demand for gold hedges via ETFs.
- Goldman Sachs: Gold to Rise to $4,900 on Central Bank Demand With […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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