Goldman Sachs has readjusted their 3-, 6-, and 12-month gold price forecasts from $1,825/toz, $1,805/toz and $1,800/toz to $1,615/toz, $1,600/toz and $1,550/toz.
On a day when the gold market shone, a Goldman note to clients highlighted two tailwinds that are problematic for those holding gold: rising real interest rates and ETF dumpings.
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Source: Mining.com- Gold News