Gold will move down to $1100 according to Goldman Sachs.

Home / Gold / Gold will move down to $1100 according to Goldman Sachs. FORECAST

Goldman Sachs Group provided its bearish outlook on Gold for an upcoming three months. The analysts believe that a further strengthening of the US labor market will push the Fed to hike, which will negatively affect the gold prices. Goldman Sachs has a target of $1100 in three month horizon.

Gold was trading at 1,275.3101 as of 7:13 AM EDT, which represents a 1.04% decline from the previous close.

Gold Forecast

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