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Goldman Sachs raises its forecast for oil and gold

11 Jan 2019 12:12 PM

Goldman Sachs raised its forecast for oil prices in the coming period, as Brent crude is expected to reach $62.50 a barrel in three months and $67.50 per barrel in six months. The bank attributed its outlook to the weakness of the US dollar, which gave the opportunity to commodities such as gold and oil.

On the other hand, the firm also raised its forecast for gold prices to reach $1325 per ounce in three months (against expectations of 1250), $1375 per ounce in six months (against the previous forecast of 1,300) and $1425 an ounce (Previous forecasts at 1350).


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