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Goldman sees gold above $1,400 this year; bearish on many metals

Posted on 25 July 2013

Goldman Sachs(GS.N) is sticking to its average forecast of $1,413 for an ounce of gold this year as it does not see sharp reductions in U.S. Federal Reserve stimulus, after fears of such cuts drove bullion prices to near three-year lows recently.
In a note issued on Wednesday, Goldman said it also expected gold to average $1,165 an ounce in 2014 as previously forecast, although the price could reach $1,050 by the year-end………………………………………..Full Article: Source


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