Goldman Sachs Boosts Gold Forecasts
Tuesday, October 12, 2010 8:14 am EST
Early Tuesday morning Goldman Sachs raised its gold price forecasts due to low “real interest rates” and the “prospect of another round of quantitative easing.” Goldman sees the gold price at $1,400, $1,525, and $1,650 over the next 3, 6, and 12 month time frames, respectively.
