Feb 24, 2021 09:33 PM (GMT+8)
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).
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