Goldman Sachs Raises 12-Month Gold Target to $1,650

Oct. 18, 2010 - PRLog -- The rally in gold coin prices are not yet done, according to a stunning new price prediction from Goldman Sachs. The large investment bank said last week that it expects gold prices to hit $1,650 within 12 months, or about another 20 percent gain from last weeks levels.

According to the report, Goldman Sachs analyst David Greely cited the recent bullish run in gold prices, low interest rates and the strong possibility that the Federal Reserve will need to print more dollars to support the sagging economy for the expected price gain.

Previously, Goldman Sachs was calling for a $1,365 price of gold – a level that was easily surpassed last week.

Don’t miss out on the strong expected 12-month rally in the price of gold coins. Global Gold Group is offering a free Investment Gold Guide to all investors looking to buy gold to diversify their portfolio. Check out their website at http://www.aglobalcurrency.com for great investing in gold coin information.