Reported 1 day ago
Goldman Sachs has postponed its forecast for gold to reach $3,000 an ounce, now anticipating this milestone will occur in mid-2026 as the Federal Reserve is expected to implement fewer rate cuts. Analysts project a price of $2,910 by year's end, attributing the shift to reduced demand for gold-backed ETFs and fluctuations in central bank purchasing activities.
Source: YAHOO