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Gold rises toward $4,560 - Goldman Sachs projects $5,400 by year-end

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Gold surged 2.4% to $4,560 per ounce. Fed Chair Powell says inflation expectations are under control and the Fed is in a good position to wait.

Goldman Sachs projects gold to reach $5,400 by the end of 2026. Silver rose 2.8% to $72 per ounce.