Gold seen at $ 1200 by mid-2018 – Goldman Sachs

Following its 2018 oil-price forecasts, Goldman Sachs analysts are out with their outlook on gold and silver prices in the coming months.

Key Points:

Continue to expect gold prices will move lower over the coming months to $1,200/toz by mid-2018.

Continued robust GDP growth in developed markets.

Fed rate hikes, deterioration in geopolitical risks.

Sees gold prices at $1,225/toz, $1,200/toz and $1,225/toz in 3, 6 and 12 months.

3, 6 and 12 month silver price forecasts at $16.2, $16, $17.2/toz.