Goldman Sachs update their gold price forecasts, 3, 6 and 12 months (and on what could take it to $1600) Tue 25 Jun 2019 21:41:16 GMT Author: Gold price projections from Goldman Sachs: 3 months $1450 (prior forecast was at $1350) 6 months $1475 (from $1350) 12 months $1475 (from $1425)
Reasoning from GS: gold supported by central bank buying, GS expect the buying to be more than 100 tonnes over last year’s levels lower real interest rates to support gold More: base case scenario is global growth gradually improves in H2 of 2019 recession worries recede should eventually lead to a gradual moderation in fear driven investment demand for gold Emerging market GDP growth gradually improves
GS say they see less tactical upside for gold but weak growth in DM is a positive strategically (portfolio diversification) if slow growth in DM persists, GS expect 2016 to repeat (ETF buying increased by 800 tonnes Jan to Sep that year) – this could take gold prices above $1600 By continuing to browse our site you agree to our use of cookies , revised Privacy Notice and Terms of Service More information about cookies Got it! About Us
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