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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Goldman Sachs: Gold is going to $1200

Posted on 18 January 2013

In December, Goldman Sachs commodity analysts caused quite a bit of chatter when they called the end of the bull market in gold. The bank’s central thesis is that the U.S. economic recovery finally takes off in 2013, and Goldman expects that to drive a selloff in the gold market as investors rotate away from traditional “safe-haven” investments.
At the time, the analysts wrote, “We lower our 3-, 6- and 12-mo gold price forecasts to $1,825/toz, $1,805/toz and $1,800/toz and introduce a $1,750/toz 2014 forecast. While we see potential for higher gold prices in early 2013, we see growing downside risks.”……………………………………….Full Article: Source


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