Gold rates today: Goldman Sachs suggests bottom fishing, gives a fresh target of $5,000/toz

The bank projected several potential scenarios for the metal's price, with a baseline forecast of it rising to $4,000 an ounce by mid-2026; a tail-risk scenario predicting $4,500; and a higher estimate of nearly $5,000 if just 1 per cent of the privately held US Treasury market shifted into gold.

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