Goldman Sachs: Raising Our Gold Price Forecast on Sticky Hedges
5/2 09:30
“We raise our Dec2026 gold price forecast to $5,400/toz (vs. $4,900 prior) because the key upside risk we have flagged–private sector diversification into gold–has started to realize. We assume private sector diversification buyers, whose purchases hedge global policy risks and have driven the upside surprise to our price forecast, don’t liquidate their gold holdings in […]...