Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand.
Gold will climb to $1,600 over the next year – Goldman
◆ Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand.
◆ Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc.
◆ “We still see upside in gold as late cycle concerns and heightened political uncertainty will likely support investment demand” for bullion as a defensive asset.
◆ “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever.”
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