-
Goldman cuts gold price forecast down to $4,900
From canadianminingjournal.com
Goldman Sachs has slashed its gold price forecast by $500 an ounce to reflect the increased likelihood that the US Federal Reserve will raise rather than cut interest rates this year. The bank had previously set a price target of $5,400/oz. by the end of 2026, citing growing demand for bullion among private-sector investors amid a hot start to the year. At the time, the precious metal was trading at nearly $5,000 and was days away from setting its record high of nearly $5,600/oz. That target was kept intact late March, despite weeks of sharp decline as geopolitical tensions in the Middle East roiled the markets and ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From kitco.com|4 hr agoGold prices continue to trade near their lows for the year as the Federal Reserve’s new hawkish bias takes its toll on the market, with another bank lowering its year-end price ...
From finance.yahoo.com|4 hr agoFor the first time since 2023, most Americans think it's a better idea to buy a home than rent or move in with relatives. Fifty-three percent of respondents surveyed by Bank of ...
From kitco.com|5 hr agoChina’s gold imports reached their highest monthly level in over two years in May, with the world’s number-one gold market showing a strong appetite for bullion as prices remained ...
-
- Newer Stories
From kitco.com|2 hr 45 min agoSpot gold and silver prices are sharply lower after the close Tuesday, as the U.S. dollar held near its strongest levels of the year, post-Fed rate-hike risk stayed in place and ...
From thegoldforecast.com|2 hr agoGold retreated on Tuesday as the U.S. dollar climbed to its strongest level in more than a year, lifting the cost of bullion for buyers holding other currencies and reminding the ...
From pimco.com|1 hr 16 min ago|4 commentsChina’s economic trajectory is shifting, but not in the way many had once expected. Consumption-led rebalancing has not materialised. Instead, economic policy continues to ...
- Story Stats
- Jun 23, 5:45pm | 3 hr ago Posted byFundamental Analysis60
- Instrument:
