Brokerages stay bullish on gold price despite near-term pressure - KITCO
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Brokerages stay bullish on gold price despite near-term pressure KITCO
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Goldman Sachs' recent research indicates a bullish outlook for gold prices through 2026, primarily supported by strong official demand, which is expected to amplify pricing dynamics in the coming years. Per the full note, this institutional demand has continually underpinned gold's value amidst broader economic uncertainties, highlighting a potent driver for upward price movements. The desk projects that if this trend persists, gold could experience substantial valuation growth, particularly as central banks remain active in their purchase strategies. This bullish case may present opportunities for traders positioning themselves ahead of any shifts in demand patterns from major economies.
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