Goldman Sachs: Rate cuts by the Federal Reserve will boost the price of gold pump

Odaily Planet Daily News, Goldman Sachs stated that they have responded to the widespread doubts in the market about their bullish gold price view, and reiterated their belief that the Fed's rate cut will drive the gold price to pump. The institution reiterated its trading recommendation to Enter en long gold and set a target price of $2700 per ounce at the beginning of 2025. (Jinshi)