Goldman Sachs say on gold they see XAU/USD moderately higher
Citing:
- a weaker USD
- emerging market demand recovery
Adding:
- “For gold to move materially higher though, there has to be a general risk-off event which will trigger demand for defensive inflation hedges such as the return of inflation worries”
GS quote via Reuters. As a ps. the last forecast for gold I saw for GS was US$2K by year-end.
I posted GS on the RBA earlier:
