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 ZeroHedge: One Bank [Finally] Says Quiet Part Out Loud On Gold Manipulation READ MORE U.S. Banks Face Dual Challenges: Weakening Loan Quality and Declining Interest Payments READ MORE Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels READ MORE Inflation Data Shifts Fed Focus from 'If' to 'How Much' on Rate Cuts READ MORE VanEck CEO Bullish on Bitcoin and Gold Amid Global Economic Shifts READ MORE Add a Comment Cancel replyYour email address will not be published.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