The revised target of $4,900 an ounce for December implies bullion is still expected to gain ground in the second half, although less than previously expected, analysts Lina Thomas and Daan Struyven said in a note.
Goldman Sachs has lowered its December gold price target by $500 to $4,900 an ounce. This revision is based on the expectation that the US Federal Reserve will not implement rate cuts this year. Despite the reduction, analysts anticipate gold will still gain ground in the second…
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