According to an announcement by Goldman Sachs, the investment bank has upgraded its forecast for the price of gold by December 2026 to $4,900 per ounce, as reported by Reuters. This reflects a significant increase and underlines the potential of gold as a safe investment in the face of potential economic uncertainty. The revised forecasts are based on a number of contributing factors, including heightened geopolitical tensions, the long-term ramifications of government stimulus spending, and the nature of gold as a hedge against inflation. Goldman’s decision to revise its forecast so substantially underscores the confidence of the bank in the sustained value of gold in the long term. Read More
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