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Here’s why Goldman Sachs is staying long gold

Posted on 17 November 2011

On Monday, banking giant Goldman Sachs announced it is staying long gold. Due to low real interest rates, slower US economic growth, and rising debt, the bank has also raised its gold forecast for 2012.

The report by Goldman states, “We expect gold prices to continue to climb in 2011 given the current low level of US real interest rates. Further, with our US economics team now forecasting slower US economic growth in 2011 and 2012, we expect US real interest rates to remain lower for longer, supporting higher gold prices through 2012.”…………………………………….Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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