Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

0.51%

$1,391.7 gold futures

gold, page-78974

First 78974 Last

Share
Profile

Follow
makingmoneystill

17,185 Posts.

600

22/06/20

20:59

Post #: 45378180
Share

Originally posted by Goldnumber ↑

Forecast updates

On Friday, Goldman updated its three, six and 12-month gold price forecasts to U$1,800, US$1,900 and US$2,000/oz from US$1,600, US$1,650 and US$1,800/oz respectively, and maintained its long December 2020 gold trading recommendation.
Bank of America forecasts $3,000/oz price in 18 months

In March, Goldman head of commodities Jeffrey Currie viewed the precious metal as a hedge against currency debasement and said “now is the time to buy gold, the safe-haven asset, amid market panic over the impact of the growing coronavirus pandemic”.
The following month, analysts at Bank of America forecast gold to hit US$3,000/oz within 18 months in expectation that interest rates in the US and the rest of the world will “stay very low for a long time”.
“Beyond traditional gold supply and demand fundamentals, financial repression is back on an extraordinary scale,” the bank said.
“Rates in the US and most G10 economies will likely be at, or below, zero for a very long period of time as central banks attempt to push inflation back above their targets,” it added.
https://*********.com.au/goldman-sachs-predicts-2000-ounce-gold-price-within-12-months/
s m a l l c a p s . c o m. a u

Expand

Lol,

Gees,what a Bugger that would Be,

I would so hate that,

Did I ever mention that Gold is going for a runner tonight,

I'm sure I did,

You know why I know that?

Because this here oil sensor told me,
7 Upvote

1 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara