Goldman Sachs: Gold faces "tactical decline"
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Goldman Sachs expects gold prices to experience a tactical decline due to the easing of tariff uncertainties and normalization of positions, potentially falling to $2,650. However, continued central bank purchases of gold and increased ETF holdings following the Federal Reserve's interest rate cuts will support its forecast of gold prices reaching $3,000 per ounce by 2026. Since President Nixon ended the gold standard in 1971, gold has accounted for a small proportion of international reserves, but after the Ukraine war, central banks around the world have been increasing their gold reserves
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