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 ...