Gold prices have fallen sharply over the past four months, but Goldman Sachs forecasts a strong rebound driven by central bank demand, potentially reaching nearly $5,000 per ounce by the end of 2026. The bank highlights structural factors like emerging market central bank diversification and geopolitical uncertainties as key drivers. Although near-term challenges exist due to a hawkish Federal Reserve and rising interest rates, these are expected to ease over time, with ETF demand gradually increasing. Goldman Sachs also revised its central bank gold demand estimates upward, expecting an average of 60 tonnes per month through 2026, supporting their bullish outlook.
Warren Buffett is postponing his usual midyear Berkshire Hathaway donation to the Gates Foundation until a review of the foundation's ties to Jeffrey Epstein is completed. This delay could push the donation to his annual Thanksgiving letter. Meanwhil...
Robinhood's stock rose nearly 20% from early June lows, boosted by two new buy recommendations. Goldman Sachs upgraded its 12-month price target from $108 to $121, citing strong activity across cryptocurrencies, stocks, options, and event contracts. ...
