Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months Goldman Sachs predicts a 6% increase in gold prices over the next 12 months, driven by robust central bank acquisitions and vigorous retail demand in emerging economies. This anticipated rise would elevate gold to $2,175 a troy ounce, according to Nicholas Snowdon and Lavinia Forcellese from the bank’s Commodities Research team. While the near-term outlook suggests gold prices may fluctuate due to uncertainties surrounding the Federal Reserve’s interest-rate decisions, the appeal of gold, a non-yielding asset, diminishes as interest rates climb. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Global Solar Power Boom Is Driving a Surge in Silver Demand READ MORE Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE Rising Tide of Corporate Debt Defaults: An 80% Surge in 2023 Signals Troubling Trends Ahead READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
