28.07.2014 - Goldman Does It Again: Upgrades Gold Price Target To $1,200
Goldman equity analysts Andrew Quail and Jitendra Pandey have increased their long term inflation adjusted gold price forecast to $1,200/ounce from $1,066/ounce. They recognize that gold is trading at about a 9% premium to their estimate and foresee the precious metal reverting back to a cost sustaining level. Such level, which Quail and Pandey estimate to be $1,200/ounce, comprises costs incurred to obtain gold that include extracting, storing, exploring and building infrastructure...............................................Full Article: Source
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