GOLDMAN SACHS RAISES GOLD PRICE FORECAST TO $3,100/OUNCE
GOLDMAN SACHS RAISES GOLD PRICE FORECAST TO $3,100/OUNCE
Goldman Sachs increases its year-end gold price target to $3,100/oz, up from $3,000.
The new forecast is over 6.5% higher than the current gold price.
Central bank gold demand is expected to average 50 tonnes per month.
Goldman Sachs anticipates increased speculative demand and higher gold purchases by central banks and ETFs.
Gold prices could potentially reach $3,300/oz, marking a 26% increase this year.
