Gold could repeat 1970s peak, but today’s rally is based on real demand, says Goldman Sachs analyst

Gold could repeat 1970s peak, but today’s rally is based on real demand, says Goldman Sachs analyst

Gold’s skyrocketing rise this year is based on strong demand fundamentals, not hype, a Goldman Sachs analyst said. Central banks and private investors are accumulating gold amid the Federal Reserve’s rate cuts. The 1970s may hold lessons for gold’s future, the Goldman Sachs analyst said. Gold prices have soared this year, but the rally remains…

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