Gold Predicted To Gain – 10 January, 2019

Goldman Sachs analysts predict gold will reach prices not seen in over five years, benefiting from geopolitical tensions and a fear of a recession boosting prices. Analysts predict prices will rise to $1,425 per ounce, with prices being supported by investors looking for defensive assets and the possibility that the Federal Reserve will put a pause on increasing interest rates. On Friday, futures rose 11 percent to $1,291.70 from an August low.