Goldman Sachs Ups Gold, Silver Price Forecasts

- November 14th, 2011

MarketWatch reported that anticipation of ongoing low interest rates prompted Goldman Sachs to raise its price forecasts for gold and silver.

MarketWatch reported that anticipation of ongoing low interest rates prompted Goldman Sachs to raise its price forecasts for gold and silver.

As quoted in the market news:

The bank increased its three-month silver forecast by 6.9% to $29.40/oz from $27.50/oz, its six-month outlook by 5.9% to $30.60/oz from $28.90/oz and its 12-month forecast by 3.5% to $32.20/oz from $31.10/oz.

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