Gold Prices Poised for New Highs Amid Central Bank Demand

The gold market is undergoing a correction phase after a strong rally, but experts believe this is not the end of the upward trend. Anthony Kim, Head of Global Metal Trading at Goldman Sachs, says that gold prices still have room to set new highs in the medium term.

This pause is seen as a period of accumulation, rather than a sign of weakening market momentum. According to Goldman Sachs' analysis, one of the reasons for the stagnation of gold prices is the re-evaluation of the US Federal Reserve's monetary policy and geopolitical fluctuations in the Middle East.

The price around $4,000 per ounce is an area of interest for many institutions and large investors, with buying power emerging from central banks as well as institutional investors. Investors may consider increasing buy positions as prices approach this zone.