Posts Tagged ‘goldman sachs’

2011 Gold Outlook – Will Goldman be right again?

In our 2010 outlook, most big brokerage houses predicted gold would rise anywhere from 5-30% and finish 2010 in the range of $1150 – $1500. Goldman Sachs 2011 prediction was within 5% of the actual price per ounce of gold which ended 2010 around $1400 USD. To recap the 2010 predictions before we move on to 2011..

Gold Outlook in 2010

After hitting a multi-year high of above $1200 per ounce in the beginning of December, gold has receded and looking for direction. What can we expect in 2010?