Goldman Sachs doubles forecast for central bank gold buying
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Goldman Sachs has revised its forecast, now expecting central banks to purchase 60 tonnes of gold monthly by 2026, up from 29 tonnes. This increase is attributed to stronger demand due to reserve diversification and geopolitical uncertainty, potentially supporting long-term gold prices. Despite current pressures from rising yields and a strong dollar, central bank buying may mitigate short-term weaknesses.
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