Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the U.S. Federal Reserve at its policy meeting this week.

Goldman Sachs bullish on gold, citing central bank demand and expected Fed rate cut. Price target of $2,700/oz by 2025. Iron ore forecast downgraded.

Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds,

Goldman Sachs and Citigroup have lowered their full-year projections for China's economic growth to 4.7%, after the world's second-largest economy's industrial output slowed to a five-month low in August.

On Behalf of Goldshore Resources Inc. Goldman Sachs has recently reaffirmed its bullish outlook on gold, suggesting that the yellow metal is the best investment in the current market. The bank expects gold prices to continue rising in 2024 and into