Goldman Sachs on what's supporting the price of gold. Plus, GS forecasts for gold price.

Author: Eamonn Sheridan | Category: News

Goldman Sachs analysts are forecasting gold to 1600USD in 6 months, unchanged from their previous projection.

GS cite uncertainty on the increase due to the trade war, prompting precautionary holding of cash to increase
  • this excess saving are supporting gold
  • add in central bank as another leg of support
  • and funding cost fall (and GS note on this also funding cost decline is not stimulating investment and demand, adding to uncertainty)
Goldman Sachs analysts are forecasting gold to 1600USD in 6 months, unchanged from their previous projection.


ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose