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Goldman Sachs Predicts Gold Price Could Surge to $5,000 Amid Market Rally
Goldman Sachs Predicts Gold Price Could Surge to $5,000 Amid Market Rally
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BTCCSquare news:
Gold prices are defying market expectations, climbing toward $3,600 as investors flock to the metal as a safe-haven asset. The Federal Reserve's impending decision on rate cuts has further fueled demand, with the US dollar weakening in anticipation.
Goldman Sachs has issued a bullish forecast, projecting gold could reach $4,000 in the NEAR term. The bank outlines two key thresholds: $3,700 by late 2025 and $4,000 by mid-2026. Central bank gold acquisitions are cited as a major driver of this upward trajectory.
In a striking long-term scenario, Goldman analysts suggest Gold could potentially hit $5,000. The metal's momentum shows no signs of slowing as institutional and retail investors continue accumulating positions at record levels.
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