Reflation story to be supportive for gold next year, targeting $2,300 – Goldman Sachs

ForexLive/Justin Low/11-13-2020

graphic imate of $2300 gold price“Goldman Sachs argues that gold has much more upside to come next year. The firm says that while gold may trade more rangebound in the next few months, there will be further upside in bullion as it is bought as a hedge against dollar debasement.”

USAGOLD note:  An update on Goldman’s bullish stance for 2021 …… If the firm is right on rangebound trading for the next few months, it could prove beneficial for long-term accumulators with an eye to Goldman’s ultimate target – $2300 per ounce.

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