Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months Goldman Sachs predicts a 6% increase in gold prices over the next 12 months, driven by robust central bank acquisitions and vigorous retail demand in emerging economies. This anticipated rise would elevate gold to $2,175 a troy ounce, according to Nicholas Snowdon and Lavinia Forcellese from the bank’s Commodities Research team. While the near-term outlook suggests gold prices may fluctuate due to uncertainties surrounding the Federal Reserve’s interest-rate decisions, the appeal of gold, a non-yielding asset, diminishes as interest rates climb. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold & Silver Mining Stocks Exposed: Long-Term Reality Revealed READ MORE Gold Prices Waver as Markets Await Inflation and Fed Signals READ MORE Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi READ MORE Warning Signs: Recent Bank Failures and the Fragile Global Financial System READ MORE ZeroHedge: Gold/Silver: Four Fed Speakers today, Key Levels to Watch READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment