Showing posts with label gold rally. Show all posts
Showing posts with label gold rally. Show all posts
Saturday, August 4, 2012
Thursday, July 12, 2012
Thursday, May 10, 2012
Goldman Stands By Gold-Rally Forecast Even as Price Drops
http://www.bloomberg.com/news/2012-05-10/goldman-stands-by-gold-rally-forecast-even-as-price-drops.html
Goldman Sachs Group Inc. (GS) stood by its forecast for a rally in gold this year, saying that the precious metal will advance to $1,840 an ounce over six months as the U.S. central bank embarks on a third round of stimulus in June.
Gold remains the “currency of last resort,” according to analysts led by Jeffrey Currie in a report dated yesterday, the same day that the price sank to the lowest level in four months as Europe’s escalating debt crisis boosted the dollar. The restated gold forecast implies a 16 percent surge.
Labels:
gold rally,
Goldman Sachs
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