Goldman’s $2,175 Target

Goldman Sachs is sticking to its positive outlook on gold, predicting it will hit $2,175 in the next year. This confidence is driven by ongoing demand and global political tensions.The market’s hesitance, influenced by the Federal Reserve’s tough stance and the postponement of interest rate reductions till June 2024, hasn’t dampened Goldman Sachs’ optimism. They believe that solid demand for physical gold and geopolitical concerns will keep gold’s price from falling too much, keeping their $2,175 target firmly in view.