Goldman Gets Bearish On Gold | The Mesh Report

Goldman Gets Bearish On Gold

Mike Hammer May 4, 2017 Comments Off on Goldman Gets Bearish On Gold

Goldman Sachs discussed their latest forecast on gold prices Wednesday.  Goldman – who you’d think would be golden bulls by their name – have turned slightly bearish on gold in the near term.  On the call, Goldman analysts said they’re looking for gold to bottom around $1200/oz, or about $30 lower than the spot price this morning.  Of course, big companies have a habit of being wrong when it comes to gold forecast, but you can’t ignore the current downdraft in all the precious metal sectors.  We’ll give you links to a few other viewpoints as well.

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