Gold suffers historic monthly rout, but Goldman Sachs doubles down on $5,400 target

AI Briefing

• – Gold prices hit a 17-year low in June, but Goldman Sachs remains optimistic on the metal, predicting a target price of $5,400.
• – A de-escalation in tensions with North Korea and the Middle East may support gold prices, which have risen on the news.
• – Despite the worst month for gold in 17 years, Goldman Sachs is sticking to its $5,400 target and expects the metal to continue its upward trend.