Goldman Sachs expects gold to reach USD 5,400/oz by the end of 2026
- Low speculative positioning and two Fed rate cuts to support this view.
- Projects around 60 tonnes of central bank buying per month.
Context
Goldman Sachs' projection of gold reaching USD 5,400/oz by 2026 signals a bullish outlook driven by low speculative positioning and anticipated Fed rate cuts. The expected monthly central bank purchases of around 60 tonnes further bolster this view, suggesting strong demand may reshape market dynamics and potentially impact inflation and currency values.
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