Goldman Sachs Forecasts $2,000 Gold By Year-End 2021

(Dhwani Mehta - August 24th, 2021)

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

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.”