Bank of America Merrill Lynch, Goldman Sachs bullish on gold
“The head of global commodities and derivatives research [Bank of America Merrill Lynch], Francisco Blanch has stated that gold could average $1,350 an ounce of 2019 due to the U.S fiscal balance. . . .Goldman Sachs has also expressed their concern and has recently turned bullish on gold as they have forecasted a price target of $1,325 in 12 months.
USAGOLD note: Both firms cite the growing U.S. national debt as the primary impetus.