Goldman keeps $5,400 year-end gold target as prices hover near $4,500 on yield pressures | Metals Mine

  • Goldman keeps $5,400 year-end gold target as prices hover near $4,500 on yield pressures

    From vtmarkets.com

    Goldman Sachs kept its year-end Gold target at $5,400, while Gold traded near $4,500. Gold hit a record of about $5,600 per troy ounce in late January, then consolidated after a sharp sell-off in March. The bank expects central bank buying to rise in 2026 and to support prices later in the year. It estimates purchases will average 60 tonnes a month this year, above the 12-month moving average of 50 tonnes seen in March. Gold’s near-term outlook is described as weak due to higher global bond yields and rising inflation expectations. The note also says Gold can be used as a source of cash if market conditions ... (full story)

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