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Goldman Forecasts Gold Rally Amid Debt-Ceiling Confrontation

Gold may climb over the next three months as U.S. lawmakers attempt to tackle the country’s debt ceiling and the world’s largest economy slows, Goldman Sachs Group Inc. said, advising investors to place bets on advances.

“We see current prices as a good entry point to re-establish fresh longs,” analysts Damien Courvalin and Alec Phillips wrote in a Jan. 18 report. The bank reiterated a three-month target of $1,825 an ounce, as well as a forecast for prices to weaken in the second half as the U.S. economy rebounds.