Goldman says gold will go to $2300 in 2021 on inflation concerns

Business Insider/Ben Winck

graphic image of 2021 the year of gold with 1799 U.S. gold $10 gold piece“Yet the precious metal is poised to break out in 2021 as inflation concerns take center stage, they added. Goldman holds a $2,300-per-ounce price target for gold, implying a 22% rally from current levels over the next 12 months. Such a bounce would also place bullion at an all-time high.”

USAGOLD note:  We referenced this article – the latest from Goldman Sachs commodities analysts Jeffrey Currie and Mikhail Sprogis – in yesterday’s DMR and post the link here for those who may have missed it. Goldman Sachs has been bullish on gold for the past couple of years and remain so going into 2021.

Repost from 11-28-2020

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