Goldman Sachs on gold - raise their 12 month price forecast to $1,425

Author: Eamonn Sheridan | Category: News

Gold price forecasts from the investment bank:

  • 3 months at 1,325 / oz (prior forecast was 1250)
  • 6 months at 1,375 (1300)
  • 12 months forecast to 1,425 (1350)
GS citing 
  • defensive positioning (investors with a fear of a recession)
  • central banks to buy

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