Gold seen higher at $1800 due to Fed’s QE – Goldman Sachs
|Analysts at Goldman Sachs is out with their outlook on gold, in light of the US Federal Reserve’s (Fed) unlimited quantitative easing (QE) announcement.
Key quotes:
Gold is close to an inflection point following the Federal Reserve increased QE
Reaffirms their target of $1800 for gold.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.