Gold Price Forecast By Goldman Sachs

Such a scenario may help spur demand for gold.

Gold price forecast by goldman sachs. The bank previously projected that the safe haven metal would touch 2 000 an ounce in. Goldman sachs global investment research piece projections for gold this year ahead for various time horizons. Goldman sachs has raised its 12 month gold forecast by 15 and now expects the metal to hit 2 300 per ounce.

High price 84 62 low 76 56. Currently with policies surrounding the covid 19 pandemic mainly focusing on fiscal spending combined with the household balance sheets at significantly better levels than they came out of the 2008 recession. 08 jan 2021 exchanges at goldman sachs markets update.

The cause according to one of the largest investment and securities banking groups in the world is growing concerns about the global position of the us dollar as a reserve currency. In the beginning price at 82 20 dollars. 2021 global growth outlook.

Real interest rates and a favourable. The average for the month 80 99. Reuters goldman sachs on tuesday raised its 12 month gold price forecast to 2 300 per troy ounce toz aided by expectations of more downside in u s.

In a report published friday the investment bank said that it is maintaining its 2021 gold price target of 2 300 an ounce as the global economy balances between positive news of potential vaccines for the covid 19 virus and the near term risks of further economic devastation. Goldman sachs economics team predicts a temporary bounce in inflation to 3 in 2021. The average for the month 82 30.

Gold price forecast for january 2023. The gold price forecast at the end of the month 82 20 change for december 0 5. Jan hatzius goldman sachs chief economist talks about why his team continues to forecast above consensus growth for 2021 despite the weak us jobs report for december.