The gold market is getting some new bullish momentum. Gold prices are expected to continue to rise even if the US Federal Reserve (FED) delays the comfort cycle.
Despite recent selling pressure, Goldman Sachs still forecasts that gold prices will increase sharply. This unit finds that gold can maintain growth even if the Fed delays the comfort cycle.
Nicholas Snowdon - Head of Metals Research at Goldman - shared: “We are seeing a surge in demand from emerging market midstream banks and from Asian retail investors. But much of this has been brought about by psychological factors.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.