Strong demand from the central bank, Goldman Sachs raises gold price target, aiming for $3,100!
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Goldman Sachs believes that rising inflation concerns and fiscal risks may drive central banks to purchase more gold, especially those that hold a large amount of U.S. Treasury bonds. Coupled with heightened worries over Trump's destructive tariff policies, Goldman Sachs has raised its year-end target price to $3,100, stating, "If economic policy uncertainty persists, an increase in speculative positions could drive gold prices to soar to $3,300."
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