Goldman’s new gold target: Why the Wall Street bank is saying it’s early to buy the yellow metal

Goldman Sachs strategists have shifted their outlook on gold, now suggesting it's early to buy the precious metal, driven by the Federal Reserve's more aggressive stance on interest rates. This change signals a potential market shift where gold, traditionally seen as a hedge against inflation, may face headwinds as rising rates make other investments more attractive. The move underscores the influence of central bank policies on global markets, highlighting the need for investors to stay attuned to these shifts for strategic asset allocation.