Last week, Goldman Sachs published a report in which it raises its 12-month price prediction for gold to $2,150 per ounce. This is a slight increase from its prior $2,000 price forecast. It seems the bank isn’t ready to give up on the precious metal, given its long gold trade recommendation for 2022.

This new positive outlook follows the disappointing performance of gold, which was seen last year as its prices closed the year down about 4%. The bank stated that the…

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