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via marketwatch.comMarkets

Goldman's new gold target: it's early to buy, says the bank

FROM THE WIRE · MARKETWATCH.COM

Strategists at the investment bank said the change in expectations is down to the Federal Reserve's hawkish shift.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe Federal Reserve's hawkish shift changes gold expectations, which could pressure the metal.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Goldman Sachs strategists changed their expectations for gold.
  2. 02The change is attributed to the Federal Reserve's hawkish shift.
  3. 03The bank says it is still early to buy the metal.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Goldman Sachs Physical Gold ETFAAAUETF40.38 USDMarket closedtoday +0.85%Negative GoldCOMMODITY:GOLDCommodity4,062.10 USD-0.25%today -1.25%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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