Goldman Sachs Lifts Gold, Silver Price Outlook

Goldman Sachs GS lifted its projections for gold and silver prices. Goldman Sachs raised its three-month forecast for gold to $1,760 a troy ounce, versus $1,645/oz, its six-month target to $1,830/oz versus $1,730/oz and its 12-month view to $1,930/oz versus $1,860/oz. Goldman Sachs lifted its three-month silver view to $29.40/oz versus $27.50/oz, its six-month forecast to $30.60/oz from $28.90/oz and its 12-month target to $32.20/oz from $31.10/oz.