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Gold price will hit $4,900/oz in 2026 on strong sovereign demand as China buys 75% more than reported in July – Goldman Sachs
Source: kitco.com
Commodities & Raw MaterialsCentral BankingInvestor Sentiment & Positioning
Goldman Sachs Research said persistent central-bank gold buying through July, including potentially substantial unreported Chinese purchases, supports a $4,900-per-ounce year-end gold price target. The reported official and inferred demand points to continued structural support for bullion prices.
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