Goldman Sachs boosts gold price target, says the U.S. dollar’s reserve status is at risk

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New York investment bank Goldman Sachs is raising its price target for gold while sounding the alarm about risks to the U.S. dollar. 

In a note to clients Tuesday, the bank reaffirmed its position of gold being “the currency of last resort” amid uncertain economic conditions, raising its price target for gold to $2,300 per ounce after a surge to record levels earlier this week.

Read More: https://www.theblockcrypto.com/linked/73126/goldman-sachs-gold-target-july

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