• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Goldman Sachs Boosts 2015 Gold Price Outlook

    Charlotte McLeod
    Oct. 04, 2015 09:00AM PST
    Precious Metals

    Mining Weekly reported that on Friday, Goldman Sachs Group Inc. (NYSE:GS) raised its gold price outlook by $62. It now expects the yellow metal to average $1,262 per ounce in 2015.

    For more information on the gold price, see A Brief Overview of the Gold Price Today.
    This post was originally published on Gold Investing News on January 26, 2015.
    Mining Weekly reported that on Friday, Goldman Sachs Group Inc. (NYSE:GS) raised its gold price outlook by $62. It now expects the yellow metal to average $1,262 per ounce in 2015.
    As quoted in the market news:

    The bank expected gold prices to rise in the near term citing recent factors, including weaker-than-expected US economic data, the run-up to an announcement on the quantitative easing measures by the European CentralBank and the unexpected decision by the Swiss National Bank to remove its cap on the Swiss franc against the euro.
    However, the bank saw lower gold prices in the longer term, mainly due to expectations of lower inflation, lower energy prices having a deflationary effect on gold’s mining marginal cost and a stronger US dollar.
    Goldman expects gold prices to resume declining in the third quarter, in line with the start of the expected hike in interest rates by the US Federal Reserve.
    Goldman slashed its 2016 average gold price outlook to $1 089/oz from $1 200.

    Click here to read the full Mining Weekly report.

    nyse:gsquantitative easinggold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Stack of gold bars with graph line in the background.

    Gold Price Hits Another New All-time High, US$3,600 in Reach

    Gold bear and bull fighting over bars of gold.

    Gold Price 2024 Year-End Review

    Latest News

    Prismo Metals Identifies Porphyry Style Mineralization at Silver King

    High-Grade Gold Confirmed at Bronzewing South

    Significant Enlargement of Exploration Program

    Locksley Resources Limited Significant Enlargement of Exploration Program

    Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Fortune Bay

    FOR:CA

    Aurum Resources

    AUE:AU

    Triumph Gold

    TIG:CA

    Horizon Minerals

    HRZ:AU

    Alice Queen

    AQX:AU

    Pinnacle Silver and Gold

    PINN:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×