Goldman Sachs Leaves Gold Price Forecast Untouched by Year-end unless North Korea Tensions Intensify

Published: Sep 6, 2017 10:45
Goldman Sachs leaves its forecast for gold price by the end of the year unchanged at $1,250 per ounce unless tensions in North Korea intensify, it said in a report.

SHANGHAI, Sept. 6 (SMM) - Goldman Sachs leaves its forecast for gold price by the end of the year unchanged at $1,250 per ounce unless tensions in North Korea intensify, it said in a report.

Goldman Sachs Sees Copper Price Fall in 6-12 Months

Gold prices only rose $15 per ounce from mid-July due to North Korea issue.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Gold: Iran War Only a Pause in the Upward Trend
11 hours ago
Gold: Iran War Only a Pause in the Upward Trend
Read More
Gold: Iran War Only a Pause in the Upward Trend
Gold: Iran War Only a Pause in the Upward Trend
The current development of the gold price continues to cause frustration for many investors. Despite the ongoing uncertainty in the Middle East and the war involving the USA and Israel against Iran, gold has so far failed to gain lasting new momentum from these events.
11 hours ago
After the Decline: Is Gold Now Presenting an Attractive Entry Opportunity?
11 hours ago
After the Decline: Is Gold Now Presenting an Attractive Entry Opportunity?
Read More
After the Decline: Is Gold Now Presenting an Attractive Entry Opportunity?
After the Decline: Is Gold Now Presenting an Attractive Entry Opportunity?
The gold price has undergone a sharp correction since its January high, unsettling many investors. The price decline of more than $1,000 per ounce appears at first glance to represent a break in the previous uptrend. However, according to analysts at WisdomTree, this movement reflects less a fundamental change in the macroeconomic situation than a combination of position adjustments, liquidity needs, and short-term market pressure.
11 hours ago
Gold in a state of emergency: dollar up, oil up – and Russia turns off the tap
11 hours ago
Gold in a state of emergency: dollar up, oil up – and Russia turns off the tap
Read More
Gold in a state of emergency: dollar up, oil up – and Russia turns off the tap
Gold in a state of emergency: dollar up, oil up – and Russia turns off the tap
In principle, the basic rule of the stock market is: when the US dollar rises, commodities and gold immediately come under pressure. But today everything is different. For the first time in weeks, we are seeing a rare trio at the top: gold, crude oil and the US Dollar Index are rising at the same time.
11 hours ago