Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Commodity>G Sachs Expects Gold Price to Rise to US$5,400 by End-2026
Recommend 14 Positive 20 Negative 12 |
||||
|
||||
|
Goldman Sachs released a research report maintaining an optimistic view on gold prices despite recent selloffs in gold, and predicting that the price of gold will rise again by the end of 2026, potentially reaching US$5,400 per ounce, due to continued gold purchases by central banks and two interest rate cuts in the US this year. In the short term, gold prices will still face tactical downside risks, the report added. If energy supply shocks intensify, gold prices could fall to US$3,800 per ounce. However, if the Iran war prompts investors to accelerate the shift from 'traditional Western assets' to other assets, it would provide substantial upside room for gold prices. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
