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Goldman Sachs issued a rally call for Gold: "The 'golden pit' has appeared, now is the time to build positions with the 'most confidence'."
Goldman Sachs makes a bold statement! The pullback in Gold creates an excellent buying opportunity, with a target of 3,300 dollars steady as a rock!
The drop in gold prices offers an excellent buying opportunity! Goldman Sachs maintains its year-end target price expectation of $3,300.
① The global market sharply declined on Monday due to tariff risks, and gold prices also fell below $3,000, down 4.9% from this year's historical highs; ② Analysts at Goldman Sachs believe that the drop in gold prices presents a buying opportunity and maintain their forecast for gold prices to surpass $3,300 per ounce by the end of the year; ③ Goldman Sachs points out that macroeconomic risks, low investor Hold Positions, government reciprocal tariffs, demand from Emerging Markets central banks, and inflows into Gold ETFs will support gold prices.