Goldman Sachs Sees Gold’s Continued Rise

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Goldman Sachs has raised its 12-month gold price forecast to $1,650 an ounce, while its three and six-month predictions have also been raised to $1,400 and $1,525 respectively.

Goldman Sachs said in a note: ‘With US real interest rates pushing lower off the slowdown in the pace of the US economic recovery and the growing prospect of another round of quantitative easing, we expect gold prices to continue to climb.”

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