Goldman Sachs Raises Gold Price Target to $4,900 per Troy Ounce

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1. 1With gold prices surging about 30% over the past year, Goldman Sachs (GS) has raised its price target.
2. 2It projects $4,900 per troy ounce by end-2026, implying an upside of about 3.65% from current levels.
3. 3The firm cites expected central bank purchases averaging 50 tons per month and fading expectations of U.S. rate hikes.

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