Gold Price Forecast to Reach $5,400/Ounce - Goldman Sachs Looks Optimistic About Precious Metal



Goldman Sachs' leading analyst has just released a forecast that gold prices will continue to rise sharply in the near future. According to information from PANews, detailed analyses show that central banks' gold accumulation activities along with private investor demand are expanding their holdings of this asset.

The main driver behind this gold price forecast is the expectation of an upcoming interest rate cut by the U.S. Federal Reserve. When interest rates decrease, gold becomes more attractive to investors because it does not generate interest like other yield-bearing assets. Goldman Sachs predicts that the precious metal will reach $5,400 per ounce by the end of 2026, reflecting optimism about long-term demand amid monetary policy considerations.
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