{"id":31229,"date":"2020-07-11T02:44:59","date_gmt":"2020-07-10T22:44:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31229"},"modified":"2020-07-11T02:45:00","modified_gmt":"2020-07-10T22:45:00","slug":"goldman-sachs-sees-gold-at-2000-per-ounce","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/goldman-sachs-sees-gold-at-2000-per-ounce\/07\/11\/market-updates\/","title":{"rendered":"Goldman Sachs Sees Gold at $2,000 per ounce"},"content":{"rendered":"\n<p>Goldman Sachs has raised its forecasts for gold prices during 2020, according to a recent note, CNBC reported.<\/p>\n\n\n\n<p>The bank sees gold prices at $1,800 per ounce during the next three months, at $1,900 for the coming six months, and at $2,000 a ton for the coming 12 months.<\/p>\n\n\n\n<p>Goldman Sachs further explained that \u201cgold investment demand tends to grow into the early stage of the economic recovery, driven by continued debasement concerns and lower real rates.\u201d<\/p>\n\n\n\n<p>\u201cSimultaneously, we see a material comeback from emerging market consumer demand, boosted by easing of lockdowns and a weaker Dollar.\u201d<\/p>\n\n\n\n<p>The bank expects a per ounce price average of $1,740 in 2020 and $1,988 in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs has raised its forecasts for gold prices during 2020, according to a recent note, CNBC reported. The bank sees gold prices at $1,800 per ounce during the next three months, at $1,900 for the coming six months, and at $2,000 a ton for the coming 12 months. Goldman Sachs further explained that \u201cgold &hellip;<\/p>\n","protected":false},"author":10,"featured_media":30914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6874],"class_list":["post-31229","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31229"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31229\/revisions"}],"predecessor-version":[{"id":31230,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31229\/revisions\/31230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30914"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}