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00:00 Speaker A
While we’re having this conversation, the stock market potentially doubling. I mean, Goldman Sachs raising their outlook on gold. Uh so that doesn’t necessarily align.
00:10 Speaker B
Yeah, well Goldman Sachs predicting a 17% upside for year end 2026 when it comes to gold. They now expect it to hit about 5,400. That’s the year-end target that they’re putting out. But it sort of does have to go in line because of this geopolitical uncertainty. We’ve seen this before. We’ve seen investors turn to gold as a safe haven, and they really do expect that to continue.
00:36 Speaker B
Goldman Sachs specifically saying within this note out this morning that one, risks are skewed upside. That’s the note at the end. They said that private sector investors may diversify further on lingering geopolitical uncertainty. In addition to that, they also said that central bank buying is expected to average around 60 tons a month this year alone. And they also went on to say that they expect a further 50 basis point uh easing from the Federal Reserve. And so all these sort of factors playing into gold.
01:02 Speaker B
Keep in mind, gold futures up about 10% this month, but silver has actually had an even larger return year to date.