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Earlier in January, Goldman Sachs had raised their 12-month gold price forecast to $2150 an ounce on the view that an impending US growth slowdown would lead to increased concerns of a US recession
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Goldman Sachs|Gold Prices|Gold market
Puneet Wadhwa |
Last Updated at March 23, 2022 16:01 IST
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Gold prices have surged nearly 18 per cent thus far in calendar year 2022 (CY22) to around $2,050 per ounce in the backdrop of the ongoing Russia – Ukraine conflict and there is more headroom over the next few months, believe analysts at Goldman Sachs, who expect the prices to rise another 25 per cent to $2,500 an ounce by the year-end. ALSO READ: Gold trading at Rs 53,890 per 10 grams; silver selling at Rs 70,000/kg
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First Published: Wed, March 09 2022. 10:50 IST
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