fintech / news / / The Motley Fool Australia
One year ago today, the gold price stood at US$3,239 per ounce.
Goldman Sachs forecasts gold will reach about US$5,400 per ounce by end of 2026.
KEY POINTS
- Goldman Sachs expects 0.50% US Federal Reserve rate cuts in 2024.
- Central bank gold buying is projected to average 60 tonnes monthly in 2026.
- 70% of central banks surveyed expect global gold reserves to rise in coming years.
- Geopolitical developments could drive gold prices higher than current forecasts.
COMPANIES
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