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Goldman Sachs Sees Further Upside for Gold
Goldman Sachs, which has maintained a bullish stance on gold, suggests that the precious metal has the potential to rally beyond its existing forecasts. Analysts, including Daan Struyven, noted that surprisingly strong inflows into bullion-backed exchange-traded funds have surpassed the bank’s previous models. They believe that significant diversification into gold by private investors presents a considerable upside risk to their projections. Goldman Sachs had forecast $US4000 per ounce by mid-2026 and $US4300 per ounce by the end of next year. About a month ago, the bank indicated that gold could approach $US5000 ... (full story)
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