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Gold To Top $1,300 In Next 3 Months, Rise 10% In 2019 - Goldman Sachs

Monday, 14 January 2019 22:00 WIB Gold Outlook Gold Corner

Gold will continue to shine as a safe-haven asset with prices pushing above $1,300 an ounce within the next three months, according to juggernaut investment firm Goldman Sachs. Thursday in a note to clients, Jeff Currie, global head of commodities research at the bank, said he was raising his gold price forecast for 2019 as growing recession fears continue to ripple through financial markets. He added that central-bank gold demand, which saw strong growth throughout 2018, will continue to be a dominate theme in the marketplace. “Going forward gold will be supported primarily by growing demand for defensive assets. The same is also true of central-bank buying, with rising geopolitical...

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