Goldman Sachs: Gold bull market merely 'paused,' with $4,000 as a solid floor

BlockBeats News, September 9 — Anthony Kim, Goldman Sachs' global head of metals trading, stated that gold's adjustment lasting over seven months since February does not signal the end of the bull market, but rather a "prolonged pause." He noted that market uncertainty over the policy stance of new Fed Chair Warsh, as well as Iran conflicts disrupting energy markets and impacting capital flows, have both exerted阶段性 pressure on gold prices.

However, Goldman Sachs maintains its bullish view, believing that sovereign buyers and institutional capital support near the $4,000 level forms a "fairly solid floor." Anthony Kim suggested that if gold prices approach $4,000 due to data fluctuations before the Fed's September decision, investors could gradually build long positions.

Goldman Sachs previously projected that, driven by factors such as continued central bank gold purchases, gold prices could rise to $4,900 per ounce by the end of 2026.