Goldman Sachs lowered the expected price of gold to $2000, believing that there is still room for upward growth this year
Goldman Sachs said in a research report that although long-term real interest rates have remained low in the past six months, gold has not risen, indicating that gold is more responsive to the improvement of the real economy. Goldman Sachs cut its gold price forecast to $2000 an ounce from $2300. Goldman Sachs believes that, driven by the weak US dollar and wealth effect, there is still room for gold to rise in 2021, but it is lower than the gold price forecast derived from the previous investment demand expectation (based on real interest rate and macro fundamentals).
This text is a result of machine translation.
Briefing Updated 51 mins ago
The world's first single 180 MW high-efficiency supercritical gas power generation technology has been put into operation
Briefing Updated 51 mins ago
Wang Yi held a video meeting with the new foreign minister of the Republic of Korea Park Chun
In-depth
Consumer Staples
Faux Meat Gobbling Up the Food Market - Run out of the Steam or Future Looking?
From mush to meat, edible alternatives are ripping the protein industry apart from traditional livestock feeding and animal byproducts. Commercially manufactured and processed plant-based meat alternatives are created to mimic the texture and taste of real meat with some of the heavyweights like Beyond Meat and Impossible Food around the world. Developing from non-animal sources, plant-based meat alternatives open a new door in the nation of gourmets China.
Updated 1 hour ago
Briefing Updated 42 mins ago
French President macron: support Sweden to join NATO
Briefing Updated 22 mins ago
Russian government: the information that three flights to Moscow were loaded with bombs is not true
May 02, 2022 07:50 PM
Apr 28, 2022 08:00 PM
Apr 26, 2022 12:26 PM
Apr 25, 2022 01:02 PM
Briefing Updated 22 mins ago
Industrial Bank Shanghai Branch: set up a special credit line of 50 billion yuan to support the resumption of work and production in Shanghai
Briefing Updated 22 mins ago
Yuancheng shares: 50 million yuan to establish a wholly-owned subsidiary
Briefing Updated 2 mins ago
British Prime Minister Johnson visits Northern Ireland
Briefing Updated 2 mins ago
Shenzhen stock exchange actively supports the first joint creation of ABS credit protection voucher in the bond financing market of private real estate enterprises
Briefing Updated 2 mins ago
Federation of German Industries: Russia's cut-off of natural gas supply will lead to economic recession in Europe
Briefing Updated 1 hour ago
Huazi Technology: it is proposed to raise no more than 910 million yuan
Briefing Updated 1 hour ago
Ruima precision: it plans to acquire 36.482% equity of credit levy parts and increase capital
Technology
Smart Glass Firm INMO Bags Tens of Mns of USD From Series A Funding Round
Hello Group (NASDAQ: MOMO) led INMO’s Series A round of financing worth tens of millions of USD, and it will corporate with INMO to build a richer content ecosystem in social and entertainment field.
Updated 2 hours ago
Briefing Updated 1 hour ago
International Fund for agricultural development: the conflict between Russia and Ukraine has put food security in many countries at risk
Briefing Updated 1 hour ago
Changxin Technology: the company provides meta with the latest VR quest2 display module
Briefing Updated 1 hour ago
Russian Ministry of Defense: an agreement has been reached with Ukraine on the transfer of wounded people from Yasu steel plant
See more
Read next
In-depth
In-depth
Healthcare, Financials
Exclusive Interview with Zhou Mi, Managing Partner of Puhua Capital
May 12, 2022 05:41 PM
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.