Business Insider: "Go for Gold" as Price to Reach $3,300 says Goldman Sachs
Article by By Business Insider
Goldman Sachs has raised its price forecast for gold citing strong central bank demand for the metal among a range of bullish drivers.
The Wall Street bank lifted its gold price target to $3,100, with a potential rally to $3,300 if policy uncertainty remains high. The spot gold price was trading at $2,912, flat on the day as traders in the U.S. returned after the Presidents’ Day holiday.
“Go for Gold”
Uncertainty over tariffs, ETF flows and expected Federal Reserve rate cuts are among the reasons Goldman is still bullish on gold after its 10% rally YTD and a series of record highs in 2025.
Analysts at the bank also raised their assumed central bank demand forecast from 41 tons to .....