Goldman Sachs considers optimistic gold prospects

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Although the gold price rippling the new year with a stand of just under $ 1300, the American bank Goldman Sachs sees the prospects for the precious metal sunny.

The commodities specialists at Goldman Sachs emphasize in the first place that gold, with its status as a safe haven, will benefit from recession fears that will increasingly come to the forefront in the course of 2019.

They also point out that the precious metal can reap the benefits of an expected weakening of the dollar, making it more attractive for consumers from large countries such as China and India to step into gold.

Goldman has stuck to a price target of $ 1425 per troy ounce in his prediction for the coming months. In the past year, the precious metal got a boost in the last quarter.


By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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