Goldman sees gold prices climbing to $1600

Bloomberg/Luzi-Ann Javier and Justin Vasquez

photo of gold coins atop gold investment chart“For Goldman Sachs Group Inc. analysts, gold’s rally above $1,500 is just the beginning. Analysts at the bank predict that prices already at six-year highs will climb to $1,600 an ounce over the next six months as investors seek havens. The dimming global economic outlook, fueled by heightening trade tensions between the U.S. and China are boosting gold’s appeal as a hedge against financial turmoil.”

USAGOLD note:  Goldman is off-again, on-again when it comes to gold. . .It is now on-again and on the record with one of the more bullish numbers among Wall Street firms.

Re-post from 8-8-2019

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