Goldman Sachs Sees More Upside for Gold on Private Interest

Goldman Sachs Sees More Upside for Gold on Private Interest

Goldman Sachs Group, Inc., long bullish on gold, said there’s room for the precious metal to rally even higher than their forecast, citing interest from private investors.

Goldman Sachs Sees Further Upside for Gold

Goldman Sachs, which has maintained a bullish stance on gold, suggests that the precious metal has the potential to rally beyond its existing forecasts. Analysts, including Daan Struyven, noted that surprisingly strong inflows into bullion-backed exchange-traded funds have surpassed the bank’s previous models. They believe that significant diversification into gold by private investors presents a considerable upside risk to their projections. Go…