Gold on Record Course: Why I Am Convinced of Further Price Increases!
The combination of central bank demand and geopolitical risks is driving the gold price to new record highs!
With price targets of up to $3,300, gold still offers significant potential even after the recent rally!
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I see the current gold price increase as just the beginning of a longer rally. The forecasts from UBS and Goldman Sachs with price targets of $2,900 and $3,100 respectively seem realistic to me. I find the structurally high demand from central banks particularly convincing, which according to Goldman Sachs could account for a price increase of 9%. Macroeconomic uncertainties, geopolitical risks, and ongoing concerns about the stability of fiat currencies continue to support gold as a safe haven. Moreover, the currently low positioning of many...
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