Recent research analysis from Goldman Sachs has led to an updated gold price forecast, raising the expected ounce price to USD 3300 — up from the previous USD 3100. This adjustment comes amid a stronger-than-anticipated inflow into exchange-traded funds (ETFs) and persistent demand from central banks.
Over the past week, global and European stock indices have shown mixed performance. Despite a modest gain during the week, Friday’s decline highlighted market volatility and uncertainty that continue to shape the global economy. At the same time, the US dollar managed to push the euro away from its recent five-month high, underscoring the critical role of the currency market in the current macroeconomic landscape.
In the evolving landscape of global finance, central banks worldwide might find room to lower interest rates further, creating a mild "decoupling" from the United States Federal Reserve as it pauses its policy easing cycle. This shift signifies a pivotal moment in economic strategy across the globe.
