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<Commodity>G Sachs Maintains Gold Price Forecast at USD5,400/ Ounce by Yr-end
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Goldman Sachs maintained its optimistic outlook on gold prices, forecasting that gold prices will reach US$5,400 per ounce by end-2026, supported by central banks' diversification investments. Goldman Sachs expected a reappearance of speculative demand for gold and anticipated that the Fed will cut interest rates by about 50 bps, thereby lowering the opportunity cost of holding gold. However, near-term risks remain skewed to the downside, particularly if geopolitical tensions trigger further position closing activities. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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