Goldman Still Sees Gold at $5,400 By Year-End Despite Downturn
Gold has fallen 13% since the Iran war began a month ago.
Photographer: Brendon Thorne/BloombergGoldman Sachs Group Inc. retained its bullish view on gold despite the recent selloff, forecasting renewed gains by the end of 2026.
Gold’s medium term outlook remains intact and the precious metal may reach $5,400 an ounce, analysts Lina Thomas and Daan Struyven said in a note, citing continued central bank purchases and two more US rate cuts this year.