GOLD $XAU t INVESTMENT BANKS JULY UPDATES


Banks' current Q4/Year-end forecasts and strategic paths have become clearer:
🔹 Goldman Sachs $GS : $4,900/oz | Monthly purchases of ~50 tons by central banks diversifying reserves are creating a structural base for prices.
🔹 J.P. Morgan $JPM : $4,500/oz | The previous $6,000 path has been cancelled. Real interest rate sensitivity and slowing physical demand are creating pressure.
🔹 BofA $BAC : $4,360/oz (Average) | The $3,600 technical support may be tested in the short term; these levels are a gradual buying zone.
🔹 Cit $C i: ~$3,500/oz | A sharp pullback is predicted in September futures forecasts due to increasing geopolitical risks.
#gold
XAU-0.06%
XAUT0.02%
GS0.36%
JPM0.07%
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