Goldman Sachs 'Agnostic' On Gold Prices

Goldman Sachs analysts say they are “agnostic” toward gold, looking for the price a year out to be only slightly above current levels.

Gold has rallied a little more than $100 an ounce since the metal hit its December low, with Goldman saying the bounce has been in line with other market moves, such as long-dated U.S. real interest rates, and shifts in sentiment towards U.S. growth and wealth creation.