Global securities and investment banking firm Goldman Sachs sees the price of gold rising significantly. Gold prices may rise to $2,250 per ounce by 2024, according to David Soloman, CEO of Goldman Sachs. Caution is advised as the U.S. economy approaches a recession. The Fed-s slowing of the economy to counter inflation is to blame, he said. And in this recessionary environment, there is upside potential for gold, more so than downside potential. This is true, he said, despite the volatile year
The head of Goldman Sachs bank has praised Poland’s response to the Ukrainian refugee crisis during a meeting with Mateusz Morawiecki, the prime minister.