Strategists at the investment bank said the change in expectations is down to the Federal Reserve’s hawkish shift.
Goldman’s new gold target: Why the Wall Street bank is saying it’s early to buy the yellow metal
In short
Goldman Sachs has updated its target for gold, indicating that it is too early for investors to buy the precious metal. Strategists at the Wall Street investment bank attributed the shift in expectations to a hawkish policy pivot by the Federal Reserve.
Key points
- Goldman Sachs has updated its target for gold, indicating that it is too early for invest…: Goldman Sachs has updated its target for gold, indicating that it is too early for investors to buy the precious metal.
- Strategists at the Wall Street investment bank attributed the shift in expectations to a…: Strategists at the Wall Street investment bank attributed the shift in expectations to a hawkish policy pivot by the Federal Reserve.