Goldman Sachs said it responded to widespread skepticism about its bullish view on gold prices and reiterated their view that the Fed's interest rate cut will drive up the price of gold. The agency reiterated its long-gold trading recommendation and set 2

Goldman Sachs said it was responding to widespread skepticism about its bullish view on gold prices and reiterated its view that a Fed rate cut would push prices higher. The bank reiterated its long-gold trading recommendation and set a price target of $2,700 an ounce for early 2025.