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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.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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