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<Commodity>G Sachs Expects Gold Price to Rise to US$5,400 by End-2026
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Goldman Sachs released a research report maintaining an optimistic view on gold prices despite recent selloffs in gold, and predicting that the price of gold will rise again by the end of 2026, potentially reaching US$5,400 per ounce, due to continued gold purchases by central banks and two interest rate cuts in the US this year. In the short term, gold prices will still face tactical downside risks, the report added. If energy supply shocks intensify, gold prices could fall to US$3,800 per ounce. However, if the Iran war prompts investors to accelerate the shift from 'traditional Western assets' to other assets, it would provide substantial upside room for gold prices. This article was automatically translated by AI, the Chinese 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. Auto-translated by AI AASTOCKS Financial News |
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