Strongly supporting the long-term bull market for gold! Goldman Sachs raised its forecast for global central bank purchases of gold and reiterated its year-end target price of $5400 for gold.

Zhtng Cijng APP learned that amidst the continuous reshaping of the global geopolitical landscape and looming inflation, Goldman Sachs has significantly increased its forecast for global central bank gold purchases, reiterating its bullish target of $5400 per ounce by the end of the year. This forecast, in resonance with the optimistic signals released by several international investment banks recently, injects a shot in the arm for the gold market that has been fluctuating for several months.