Reported 1 day ago
Goldman Sachs has revised its gold price target for the end of 2026 to $4,900, indicating strong demand from central banks and Western investors driving the recent rally. However, billionaire investor Ken Griffin has cautioned that the surge in gold prices, which have risen nearly 50% this year while the US dollar has fallen by almost 10%, hints at concerns about investors favoring gold over the US dollar as a safer asset.
Source: YAHOO