Goldman hikes 12-month gold price forecast to $2,000/oz
“’Policy uncertainty aside, we believe that debasement fears remain the key driver of gold prices in a post-crisis environment such as this,’ analysts at Goldman Sachs wrote in a note. A weaker dollar will boost the purchasing power of major gold consumers across emerging markets along with easing of lockdowns, the bank added.”
USAGOLD note: We referenced this article in this morning’s DMR – a significant upgrade from Goldman Sachs on gold’s prospects over the next 12 months.
Repost from 6-19-2020