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Goldman Sachs raised its 12-month gold price forecast to $2,300 per troy ounce (toz), aided by expectations of more downside in U.S. real interest rates and a favourable environment for the safe-haven metal.
The surge in gold prices is being driven by a potential shift in the U.S. Fed towards an inflationary bias to account for political tensions and an expectations that coronavirus infections will rise, Goldman said.
Increased safe-haven buying has pushed spot gold ..
