As an Amazon Associate I earn from qualifying purchases from amazon.com

XAU/USD could rise to $2000 by end-2021 – Goldman Sachs


Analysts at Goldman Sachs said that gold price still has room left to rise to the $2000 mark by the end of this year, in its latest note.

Key quotes

“See XAU/USD moderately higher amid a weaker USD and emerging market demand recovery.”

“For gold to move materially higher though, there has to be a general risk-off event which will trigger demand for defensive inflation hedges such as the return of inflation worries.”

Related reads

Gold Price Forecast: XAU/USD consolidates the blistering rally above $1800

Gold behavior after the bounce



Source link

We will be happy to hear your thoughts

Leave a reply

Backup Investor
Logo
Enable registration in settings - general
Compare items
  • Total (0)
Compare
0