Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months Goldman Sachs predicts a 6% increase in gold prices over the next 12 months, driven by robust central bank acquisitions and vigorous retail demand in emerging economies. This anticipated rise would elevate gold to $2,175 a troy ounce, according to Nicholas Snowdon and Lavinia Forcellese from the bank’s Commodities Research team. While the near-term outlook suggests gold prices may fluctuate due to uncertainties surrounding the Federal Reserve’s interest-rate decisions, the appeal of gold, a non-yielding asset, diminishes as interest rates climb. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years READ MORE Gold Climbs as Powell Paves Way for September Rate Cut READ MORE Upcoming Jobs and CPI Reports Crucial for Fed's Interest Rate Decision READ MORE Royal Mint Reports 7% Growth in Investor Numbers, Driven by Gold Demand READ MORE Gundlach's Investment Strategy: Cash and Gold in a Volatile Market READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment