An employee is working to melt purchased gold products and create gold bars at a factory of Korea Gold Standard in Jongno District, Seoul, Wednesday. According to a Bloomberg report on Tuesday, Goldman Sachs analysts Lina Thomas and Dan Struyven stated that due to the increase in gold purchases by central banks and inflows into gold-based Exchange-Traded Funds, they have raised their year-end gold price target to $3,100 per ounce. (Photo by Yonhap)
