Goldman Sachs raises its outlook for gold - backed by a scenario of continued low interest rates...

|By:, SA News Editor

Goldman Sachs raises its outlook for gold - backed by a scenario of continued low interest rates in the U.S. and support from an ongoing European financial crisis - now seeing prices jumping to $1,760/oz in 3 months and all the way up to $1,930/oz in a year. The firm also boosted its forecast on silver to $29.40/oz for 3-months and $32.20/oz for a one year time frame.