Market Alert: Goldman Sachs $2500/Oz Price Target on Gold

“The combination of strong investment demand, accelerating Central Bank purchases and resilient consumer demand means that a much higher gold price is needed to keep physical gold markets balanced. Moreover, underling bullish drivers of each of the three categories are set to remain for the rest of the year, meaning that the bullish gold price trend is set to continue. We therefore reiterate our year-end price target of $2500" - Goldman Sachs Commodities