| Goldman Sachs Group is warming to gold. A bit. For some time Goldman has been one of the biggest bears on the yellow metal, but a surge in its price coupled with more supportive macro factors has softened its tone.
As recently as March, Goldman had a 12-month target of $1,000 a troy ounce for gold, despite its impressive 16% rally in the first quarter that sent the price soaring above $1,200. The bank put the rally down to short-term geopolitical risks and an excessive belief in the weakness of the U.S. economy...............................................Full Article: Source
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