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Digital Subscriptions > COINage > April 2019 > Investment Giant Forecasts $1,425 Gold by Year’s End

Investment Giant Forecasts $1,425 Gold by Year’s End

Yellow Metal has Averaged 8% Annual Gains Since 2000

On ursday, January 10, 2019, the U.S. investment bank Goldman Sachs raised its gold forecasts to $1,425 over the next 12 months. It sees $1,325 within three months, $1,375 within six months, and $1,425 within 12 months. Those forecasts are up $75 per ounce from its previous forecasts of $1,250, $1,300, and $1,350 per troy ounce for the same time spans, respectively. Based on a beginning price of $1,279 in 2019, an increase to $1,425 represents an increase of more than 11% for the coming year.

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