Goldman Sachs Head of Metals Trading: Gold Prices Expected to Reach New Highs in the Medium Term, Opportunities Await Following August CPI Data

(1) Anthony Kim, Head of Global Metals Trading at Goldman Sachs, stated that the relatively poor performance of the gold market since February does not signal the end of the bull market, but merely a pause. In the medium term, gold prices are expected to reach new historical highs. (2) When asked whether the January gold price record of $5,589.38 per ounce marks the peak of the current cycle, Kim replied that this is not the end of the bull market, just a longer pause. (3) Kim said he will closely monitor August CPI data, which is the last significant inflation indicator before the Federal Reserve's September rate decision.