Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying

Gold has pulled back sharply from record levels above $5,500/oz, but a precious-metals analyst argues the move hasn’t changed long-term bullish fundamentals. They maintain a year-end target of roughly $4,600/oz, implying continued strength after the correction.

Analysis

Gold has pulled back sharply from record levels above $5,500/oz, but a precious-metals analyst argues the move hasn’t changed long-term bullish fundamentals. They maintain a year-end target of roughly $4,600/oz, implying continued strength after the correction.