Seventy percent of institutional investors worldwide anticipate further increases in gold prices in the upcoming year

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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Almost 70% of global institutional investors expect gold prices to post additional gains next year,

Goldman Sachs said, citing the conclusions of a new poll.

The biggest proportion of respondents (36 percent) think gold will top $5,000 per oz. by the end of 2026, New York-based Goldman said Friday.

Another third of participants said they expect the precious metal to trade between $4,500 and $5,000 over the same timeframe, while just over 5% of those polled see prices dropping to between $3,500 and $4,000.

The investment bank surveyed more than 900 clients on its Marquee platform from Nov. 12 to 14.

Source: newsthemegh.com