Goldman Sachs jack up their forecast for gold to $US1800 (from $1600 previously)
Yo, gold bugs, here you go - GS raising their 12-month projection by 200 USD for the rock … but ...
"in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis"
Goldman Sachs citing 3 specifics continuing to boost demand:
- depressed real rates
- increased focus on the US election
Article via Bloomberg, link here (may be gated)