More on Goldman Sachs hiking its gold price forecast (silver too)

Author: Eamonn Sheridan | Category: News

Here is the headline on GS cranking its gold price forecast higher:

More now:

GS expect the bullish gold trend to continue. New forecasts, each up by 25 USD
  • three month 1350
  • six month 1400
  • 12 month 1450
  • low and falling US unemployment rate expected to keep late-cycle worries elevated … supporting ETF inflows
  • Low European growth, negative real rates are likely to further boost European ETF purchases
  • Elevated geopolitical tensions
  • Lower pressure on EM currencies should help keep central bank gold purchases at same level as 2018
  • weaker dollar and acceleration in GDP growth are expected to boost EM dollar purchasing power and hence gold demand 
Also, silver forecasts:
  • three month 16.50
  • six month 17
  • 12 month 17.50
each up 25 cents from previous 

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