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Goldman Sachs: Gold prices are expected to rise to $ 1425 an ounce i n 2019

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Goldman Sachs: Gold prices are expected to rise to $ 1425 an ounce i n 2019 Empty Goldman Sachs: Gold prices are expected to rise to $ 1425 an ounce i n 2019

Post by rocky on Fri 11 Jan 2019, 2:14 am

Goldman Sachs: Gold prices are expected to rise to $ 1425 an ounce i

n 2019

Goldman Sachs: Gold prices are expected to rise to $ 1425 an ounce i n 2019 920184122154813982445Facebook

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 A Goldman Sachs analyst expects gold prices to rise in the next 12 months to their highest level since 2013. 
"Gold will rise to $ 1425 an ounce in the next 12 months," US bank analyst Jeffrey Currie said in a note to clients today. A level not seen by the yellow metal for more than five years, according to the agency, "Bloomberg." 
"Gold prices have benefited from rising geopolitical tensions fueling central bank purchases, while fears of a recession have helped boost demand from investors looking for safe assets," the analyst said. 
Gold is also supported by growing expectations that the Fed will stop raising interest rates this year. 
Since its lowest level in 2018, the registrar last August, gold prices rose about 10%.
On the day, gold futures for February delivery fell 0.4% to $ 1287.40 an ounce.

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