Markets

Gold Is Forecast to Climb as Central Banks Buy the Precious Metal - Goldman Sachs

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DW NOTE

Goldman forecasts higher gold prices on central bank buying — the same central banks now sitting on collective mark-to-market losses as the metal has fallen 14.9% from its January high of $5,318. Gold is down despite Hormuz being effectively closed, despite Russia firing 260 missiles at Ukraine this week, despite a $1.4 trillion nine-month federal deficit. When the textbook crises don't move the price, the thesis isn't about safety — it's about liquidity.

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Gold Is Forecast to Climb as Central Banks Buy the Precious Metal - Goldman Sachs

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