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Goldman Sachs upped 12-month price forecast for Gold to $1425

In their latest gold-price forecast report, the US investment banking giant Goldman Sachs made upward revisions to their 12-month price outlook.

Key Highlights:

3 months at 1,325 / oz (prior forecast was 1250)

6 months at 1,375 (1300)

12 months forecast to 1,425 (1350)

Gold to derive support from:

Defensive positioning (investors with a fear of a recession).

Central banks to buy.

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