Goldman Sachs jack up their forecast for gold to $US1800 (from $1600 previously)

Author: Eamonn Sheridan | Category: News

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:
  • coronavirus
  • depressed real rates
  • increased focus on the US election 

Article via Bloomberg, link here (may be gated) 

Yo, gold bugs, here you go - GS raising their 12-month projection by 200 USD for the rock … but ...


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