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Wall Street splits on gold as forecasts range from $4,800 to $6,000
Goldman's revised central-bank demand model, which lifted its estimated purchases to roughly 60 tonnes a month through 2026 from an earlier 29-tonne pace, gives the bullish case a firmer structural anchor even after the bank trimmed its year-end target by $500 in June. The dispersion across Wall Street, from BofA's more cautious $4,800 to JPMorgan's $6,000 call, highlights how differently banks are weighing sovereign buying against rate and dollar headwinds. With June payrolls coming in well below expectations, gold bulls will be watching for confirmation that softer labour data feeds through to reduced conviction in ... (full story)
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