Gold to Climb Higher says Goldman Sachs
posted on
Jul 16, 2010 10:27AM
81m @ 5.08 g/t Gold, 28m @ 13.28 g/t Gold, 9m @ 12.88 g/t Gold, 46.6m @ 2.28 g/t Gold plus Bonanza grade Silver (up to 1760 g/t)
By Matthew Walls
LONDON (Market Watch) -- U.S. investment bank Goldman Sachs Group Inc. Thursday raised its 12-month forecast for gold by a modest 1.5% to $1,355 a troy ounce, citing a prolonged period of low interest rates and persistent concerns over European sovereign debt.