Goldman lifts central bank gold buying estimates, keeps $5,400 target
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Goldman Sachs has increased its central bank gold buying estimates by over 70% due to previously unaccounted gold exports from London. Despite a recent 3.7% drop in gold prices, the firm maintains a bullish year-end target of $5,400, driven by strong sovereign demand and reserve diversification. However, macroeconomic challenges such as high yields and a strong dollar may limit short-term gains.
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