RIO DE JANEIRO, BRAZIL - Goldman Sachs raised the gold forecast to US$1,800 an ounce as the coronavirus, very low real interest rates and increased focus in the US elections continue to drive demand for the metal as a safe haven.
The bank raised its 12-month projection by US$200 and said that "if the effect of the virus extends into the second quarter, we could see gold above US$1,800 an ounce within just three months. The gold spot, which accumulates a high of more than eight percent this year, was traded at US$1,651 . . .
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