
Goldman Sachs cut its year-end gold target to $4,900 from $5,400, a $500 reduction. The revision follows gold's slide from an all-time high near $5,600 an ounce in late January. Analysts Lina Thomas and Daan Struyven made the call, which still projects gains from current levels.
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Summary by ByteBrief
Central banks send clear message with record gold buying