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Post by
prophetoffactz on Apr 12, 2024 12:19pm
Goldman Sachs rises gold price forecast to $2,700
Goldman Sachs rises gold price forecast to $2,700 Goldman Sachs Group Inc. revised its target price for gold on Friday to $2,700 by the end of the year, surpassing its previous estimate of $2,300. "Despite the market pricing progressively fewer Fed cuts, stronger growth trends and record equity markets, gold has rallied 20% over the past two months. The traditional fair value of gold would connect the usual catalysts - real rates, growth expectations and the dollar - to flows and the price," the bank added.
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