Gold 1 Oz growth worries likely to persist, price could rise further

From livetradingnews.com

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further Goldman Sachs Group upgraded its gold forecast for the first time this year, upping its 3-month and 6-month projections to $1,575 and $1,600 an ounce in light of escalating trade war tensions. Gold prices were solidly above $1,500 an ounce on Monday — a level that was hit last week for the first time since 2013. After rising nearly 4% last week, gold’s rally is far from over, according to analysts at Goldman, who see more upside in the yellow metal. The U.S.-China trade war has entered stage two this summer as U.S. President Donald Trump ... (full story)