Now that we know there's $600B in easing coming, Goldman Sachs reiterates its $1,650 12-month...


Now that we know there's $600B in easing coming, Goldman Sachs reiterates its $1,650 12-month price target for gold "as U.S. monetary policy remains accommodative and U.S. real interest rates remain low." Futures up a healthy 0.9% today, to just over $1,395. (previously)

Comments (2)
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    Strange how GS reiterates target prices, regardless of the difference between their expected level of QE vs actual, isn't it?
    5 Nov 2010, 11:24 AM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    Wow, that has me worried - like GS is about to unload a bunch of gold longs...
    5 Nov 2010, 11:31 AM Reply Like
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