Goldman Sachs has a positive outlook on gold and suggests that investors consider it as a strong asset in the current market climate.
Other major Wall Street firms, however, are more cautious and express skepticism about gold"s potential performance in the near term.
Goldman Sachs believes that gold could serve as a safe haven for investors due to economic uncertainties, inflationary pressures, and geopolitical tensions.
On the other hand, rival banks have differing opinions, with some analysts warning about headwinds for gold due to rising interest rates and a strengthening U.S. dollar.
This ongoing debate among financial institutions reflects the differing strategies for navigating the evolving economic landscape.