Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes
Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the US Federal Reserve at its policy meeting this week.
Gold prices rose to an all-time high at $2 589.6 an ounce on Monday, supported by a weaker dollar and the prospect of a big rate reduction by the Fed.