Gold seen at $ 1200 by mid-2018 – Goldman Sachs
|Following its 2018 oil-price forecasts, Goldman Sachs analysts are out with their outlook on gold and silver prices in the coming months.
Key Points:
Continue to expect gold prices will move lower over the coming months to $1,200/toz by mid-2018.
Continued robust GDP growth in developed markets.
Fed rate hikes, deterioration in geopolitical risks.
Sees gold prices at $1,225/toz, $1,200/toz and $1,225/toz in 3, 6 and 12 months.
3, 6 and 12 month silver price forecasts at $16.2, $16, $17.2/toz.
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