What Wall Street Analysts Predict for Gold
In a recent research report, Macquarie analysts said that they think the “precious metals sector is the best bet within the broad-commodity sector” due to rising inflation pressure and a weaker US dollar. It is forecasting gold prices (GLD) to average $1,356 per ounce in 2018, $1,375 per ounce in 2019, and $1,400 per ounce in 2020. The analysts, however, see prices pushing above the $1,400 per ounce level this year.