#GOLD
Goldman Sachs predicts new low for gold
The bank predicts new risks.
Gold has had a pretty intense time for the past month, ever since the United States-Israel-Iran conflict began.
But Goldman Sachs is standing by its gold bull thesis, even as the precious metal absorbs one of its sharpest pullbacks in recent memory.
In a note to clients, analysts Lina Thomas and Daan Struyven reiterated their year-end target of $5,400 an ounce, Bloomberg reported on April 2.
They pointed to continued central bank buying and two expected U.S. rate cuts before December as the key drivers of a medium-term recovery.