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Goldman Sachs Predicts $4,000 Gold as Central Banks Choose Gold Over Bitcoin

  • Goldman Sachs predicts that gold could soar to $4,000 per ounce, surpassing Bitcoin and silver as a safe-haven asset.
  • Central banks are driving the demand for gold by increasing their purchases due to concerns about the reliability of traditional reserve currencies.
  • Gold is favored over Bitcoin due to its stability, low correlation with equities, and suitability for risk-averse investors, according to Goldman Sachs.
  • Gold remains a small part of global financial markets, allowing minor shifts in portfolio allocations to significantly impact gold prices as it gains renewed trust as a safe asset.

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