​’Go For Gold’ – Goldman Sachs Raises Precious Metal Price Forecast Amid “Secret Buyers” – Tyler Durden

‘Go For Gold’ – Goldman Sachs Raises Precious Metal Price Forecast Amid “Secret Buyers” Despite having rallied 29% YTD and 47% since 2022, gold continues to set all-time highs, reaching $2,685/toz on Thursday. Goldman Sachs Precious Metals analysts have raised their gold price forecast from $2,700/toz to $2,900/toz for early 2025 for two reasons. First, our economists now look for faster declines in short-term interest rates in the West and China, and we recently showed that the gold market doesn’t fully price in the rates boost to Western ETF holdings backed by physical gold yet, which tends to be gradual. Second, our new nowcast shows…  — Continue at ZeroHedge News : Read More