Gold hit a record high last month. Goldman Sachs analysts think it's not done rising. 1
The firm in a Monday note said it has a price target of $2,700 per ounce on the precious metal. That's actually a bit less bullish than before, since the bank is now targeting early next year instead of later in 2024 — but that's still an 8% premium over the $2,525 high on Aug. 27. 2 CNBC. “Gold / US Dollar Spot.”
Gold futures ticked higher Wednesday to around $2,524 an ounce.