Gate News Report, March 25 — Goldman Sachs stated that the recent decline in gold prices is generally in line with historical trends. The main factors driving the price drop are rising interest rate expectations and market volatility. Daan Struven, head of Goldman Sachs’ Global Commodities Research Department, said today that given the current pricing framework, this decline is not surprising. Gold’s recent rally has exceeded fundamental expectations, and some pullback reflects a normalization to some extent. Goldman Sachs remains optimistic overall, expecting gold prices to reach $5,400 per ounce by the end of the year. The supporting reason is the ongoing central bank gold purchases by various governments to achieve asset diversification, shifting toward assets with lower political and financial risks.
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