Analysts at Goldman Sachs have raised their 12-month price forecast to $2,000 per ounce from the previous estimate of $1,800.
The investment bank is of the opinion that a combination of above-2% US inflation and muted policy response is needed to lift the yellow metal above $2,000. The Federal Reserve is targetting 2% inflation and has pledged to keep rates near record lows until the goal is achieved. Goldman has also raised the three-month and six-month price forecasts to $1,800 and $1,900, respectively, from the previous projection of $$1,600 and $1,650. Gold is currently trading at $1,726, representing a 13% gain on a year-to-date basis.
Source: fxstreet.com
Source: theheraldghana
My Emirates Pass is back to sweeten 2021 with offers across the UAE
Be measured in your responses to Haruna Iddrisu - Gyampo tells Kyei-Mensah-Bonsu
Farmer shoots 42-year-old wife to death
NDC to hold national funeral service for election shooting victims tomorrow
Mike Oquaye or Alban Bagbin: Who becomes Ghana’s next Speaker of Parliament?
My family accepted Patapaa before we got married - Liha Miller
People tried to use juju to make me blind on set – Yvonne Nelson recounts
Bono East Disinfection: Valley View University To Continue With Online Learning To Further Prevent Covid-19
NPP National Council rejects Chairman Freddie Blay as speaker of parliament
Sarkodie is too proud and arrogant - Kwaw Kese fumes