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Reuters/Anjishnu Mondal/7-10-2020
“Goldman Sachs expects gold to benefit if China, the world’s top retail buyer, recovers much strongly from a second wave of COVID-19 cases than the United States, and reinforced its $2,000 an ounce target for bullion prices.”
USAGOLD note: We sometimes lose sight of the fact that gold has made its recent push over the $1800 mark in the absence of strong support from either China or India – the two countries with the largest appetites historically for physical gold.