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

Citing:

  • 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