Goldman Reiterates $4,000 Target, Counters Citi's Bear Call
Housekeeping: Good Morning.
“Comex is dying”
Topic:
* Goldman Reiterates $4,00 Target, Counters Citi's Bear Call
Market Analysis:
In a note from Precious metals analysts Lina Thomas and Daan Struyven, (the same who most recently stated Gold and Oil are buys), Goldman underscores the structural underpinnings of gold demand, driven not by retail investors or speculative flows, but by central bank accumulation suprises. They also note Despite gold trading near all-time highs due to Middle East tensions, speculative positioning remains curiously subdued:
“Speculative inflows into gold have been…
The skinny
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