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Goldman Sachs Sees Bullion Heading to $1,200 Within Months

  • Prices expected to be range-bound to modestly weaker: Gayeski
  • Goldman Sachs forecasts bullion at $1,200 in three months time
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Prestige's Schenker Sees Gold Heading Higher

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For all the unpredictability of President Donald Trump’s policies in his first 100 days, gold has failed to reclaim the heights before his win in November, and some investors doubt this will happen any time soon.

After closing at $1,305.06 an ounce on the Friday before Trump’s election, prices cratered more than 13 percent through Dec. 22. They ground back to $1,289.76 this month after Trump’s airstrikes on Syria and Afghanistan, and on worries over North Korea and the outcome of the French presidential vote, before slipping to as low as $1,263.17 on Thursday.