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Goldman Sachs Raises 12-Month Gold Target to $1,650
The rally in gold coin prices are not yet done, according to a stunning new price prediction from Goldman Sachs.
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.
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