Gold price stabilizes after experiencing a sharp decline, Goldman Sachs is optimistic that the gold price will rise to $2700 next year
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Gold prices have stabilized after a sharp decline, expected to attract new buyers. Analysts at Goldman Sachs predict that the price of gold will rise to $2,700 per ounce next year, as gold is seen as a safe haven and can hedge against geopolitical shocks and economic downturns. In addition, the loose monetary policy of the Federal Reserve, central bank purchases of gold, and geopolitical tensions in the Middle East also support the rise in gold prices. Currently, the price of gold is relatively stable, at $2,414.39 per ounce
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