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IAUM - Goldman Sachs Raises Gold Target Yet Again To $2500/Oz By Year-End Signaling Boost To Gold Industry
iShares Gold Trust Micro
Goldman Sachs has recently raised its year-end 2022, gold price target to $2500/oz, signaling a strong 2022 after gold prices ended 2021 down approximately 4%.
Last year’s strong economic recovery and growth created conditions for the decline in gold, as investors moved to riskier assets.
However, the coming year could bring increased concerns of a US recession, which would lead to higher gold prices.