GOLD PRICE FORECAST: XAU/USD SEEN HIGHER AT $2,300 OVER THREE MONTHS – GOLDMAN SACHS
In light of the Russia-Ukraine war, analysts at Goldman Sachs raised their gold price target over different time horizons.
Key quotes
Targets raised for:
♡ 3-month horizon to USD2,300 vs. $1950 previous.
♡ 6-month horizon to USD2,500 from $2050 previous.
♡ 12-month horizon to USD2,500 vs. $2150 previous.
Note : An increase in demand from consumers, investors, central banks due to the rising geopolitical uncertainty.
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