Gold continues to soar to $3,350! Goldman Sachs warns: "tail risks" may drive gold prices to $4,500
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Gold prices hit a new high due to Federal Reserve Chairman Jerome Powell's warning about the trade war, currently reported at $3,357.78 per ounce, with a 3.5% increase on Wednesday. The dollar has fallen to a six-month low, exacerbating concerns about a global economic recession. Goldman Sachs predicts that gold prices could reach $3,700 by the end of the year, and may soar to $4,500 if there are policy changes. Analysts point out that tariff uncertainty, economic slowdown, and inflation concerns provide a favorable backdrop for rising gold prices
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