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 Oil Prices Tread Water as Market Anticipates US InflationInsights READ MORE Record Inflows Catapult Bitcoin Near All-Time Highs READ MORE Fed's Rate Cut Expectations Delayed as US Economy Proves Robust READ MORE Silver price pulls back as early Fed rate-cut hopes fade READ MORE U.S. National Debt Soars to Dizzying Heights, Joining Global Debt Pile-Up READ MORE Add a Comment Cancel replyYour email address will not be published.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
