Stocks Pukes As Gold Surges Toward Record High, Goldman Changes 6 Month Gold Forecast To $2,500

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while technical selling may have emerged at this key resistance level, we expect it to be taken out shortly, with even Goldman raising its gold forecast overnight, writing that in light of the Russia-Ukraine war, the bank is raising its gold price target over different time horizons. Targets raised for:
3-month horizon to USD2,300 vs. $1950 previous.
6-month horizon to USD2,500, from $2050 previous.
12-month horizon to USD2,500 vs. $2150 previous.”
Why? Because "An increase in demand from consumers, investors, central banks due to the rising geopolitical uncertainty."
JPMorgan’s global head of markets, Troy Rohrbaugh, spoke at the RBC
Global Financial Institutions Conference where he said that a lot of the firm's clients are under “extreme stress" He explained the sanctions have been "putting pressure on clients."
“The markets are extremely treacherous at the moment -- there’s a lot of uncertainty. The full ramifications of the current conditions are still uncertain,”