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Goldman Sachs keeps $5,400 gold target despite Fed rate hikes

Verifying
  • Goldman Sachs maintained its bullish outlook for gold despite the Federal Reserve’s rate-hike trajectory.
  • $5,400 per ounce is Goldman Sachs’ end-2027 gold target, implying roughly 23% upside.
  • The People’s Bank of China bought gold for 22 consecutive months through last August.
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