Goldman Sachs Reiterates Year-End Gold Price Forecast of $5,400 per Ounce

Deep News04-29 16:53

Goldman Sachs maintains its optimistic outlook for gold, projecting the price will reach $5,400 per ounce by the end of the year. Central bank diversification continues to be a key supporting factor, with demand from official institutions remaining robust despite several rounds of market volatility.

The firm also anticipates a normalization in speculative positioning and expects the Federal Reserve to cut interest rates by approximately 50 basis points, which would reduce the opportunity cost of holding gold.

In the short term, Goldman Sachs notes that risks are tilted to the downside, particularly if geopolitical tensions trigger further liquidation. However, over the medium term, geopolitical uncertainty and concerns over fiscal sustainability may accelerate global diversification into gold, thereby reinforcing its long-term upward trend.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment