Economy

Gold May Exceed 2.000 Dollars

Goldman Sachs analysts note that if the Fed allows inflation to exceed the target, gold per ounce may exceed $ 2,000.

Goldman Sachs said in a research note Tuesday that gold prices could exceed $ 2,000 an ounce if the Fed decides to tolerate inflation exceeding the target.

Goldman Sachs Group analysts, including Jeffrey Currie, said in the e-mail note, “We see the queue risk that inflation may exceed the target, even though we do not have a base scenario.” said.

Gold Exceed 2.000 Dollars

According to the news in Bloomberght, the note indicates strong consumer balances and more financial incentives high inflation if the recovery in the labor market is an upward surprise, although the shock is arguably deflationary in the short term. ” said.

Goldman maintained the base scenario that gold would climb to $ 1,800 in 12 months. The gold traded in the spot market was traded at 10:55 at 0.21 percent, at $ 1.735.11.

Analysts note that the recent weakness of the dollar and low long-term real interest rates support gold prices despite the rising demand for risky assets.

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