April 20, 2024
The Golden Surge: Goldman Sachs Predicts $2,700 Gold Price as Uncertainty Reigns
Volatility in Precious Metal Market Gold ended the day with little change, reacting to Fed chair Powell’s cautious stance on rate cuts, causing both Treasury yields and the dollar to surge. The metal, traditionally tied to monetary policy shifts, remains on an upward trajectory despite a challenging landscape. Unprecedented Growth and Surprising Trends With a 16% increase thus far in the year and a rise of over $500 since early October, the current market turmoil has been a catalyst for the precious metal’s exponential growth. The Middle East conflict acted as the tipping point, ushering in a new era of
