Goldman Sachs Jack Up Their Forecast For Gold to $US1800 (From $1600 Previously)

(February 26, 2020 - Eamonn Sheridan)

Yo, gold bugs, here you go - GS raising their 12-month projection by 200 USD for the rock … but ... "in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis"

Goldman Sachs citing 3 specifics continuing to boost demand:

• coronavirus
• depressed real rates
• increased focus on the US election