Goldman Sachs Physical Gold ETF Pressured as Spot Gold Drops to $4,713
Spot gold prices dropped 3.2% to $4,713.39 per ounce Monday, extending a historic 9% one-day plunge and pressuring gold ETFs like AAAU. Major banks Deutsche Bank and JPMorgan reiterated long-term targets of $6,000 and $6,500 per ounce respectively, while WisdomTree forecasts $5,020 by year-end.
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