In the Buy Zone, page-240

Goldman Sachs recently raised its gold price target to $2500/oz, signaling a strong 2022 after gold prices. In the report, the bank noted, that increased concerns of a US recession would lead to higher gold prices. The bank has long been bullish on gold. Goldman has said that inflation expectations may become “unhinged”, as inflation has become quite persistent, and has proven not to be transitory as previously expected by the Fed.