Goldman Sachs Predict Gold To Rise

There is good news for you who invest in gold. Goldman Sachs Group Inc.. predict this shiny yellow metal prices soared up to three months going forward, along with the efforts of policymakers in the United States (U.S.) to prevent debt ceiling and avoid an economic slowdown.

Goldman Sachs set a target price of gold for the next three months at a price of U.S. $ 1,825 per ounce troy. As of 14:45 pm today (21/1), the price of gold on the Comex remained at U.S. $ 1,689.90 per ounce troy. Thus, financial institutions recommend this a good time to get into the gold market. "We see the current price is a good entry point to re-establish a new position," said Damien Courvalin and Alec Phillips, an analyst at Goldman Sachs, through his research.

According to the analysis Courvalin and Phillips, factors driving gold prices include policies to address the debt ceiling issue. "Uncertainty related to the issue, coupled with the projected U.S. GDP growth weak in the first half of our analysts, followed by the negative impact of a high tax assessment, will drive the price of gold," the analysts wrote. Just a reminder, the U.S. government should set to replace the old rules about budget tightening. Before March 27, the U.S. government should have a new budget plan, or the U.S. will face budget cuts automatically.

Although predicting gold will be shot over the next three months, Goldman also reminded arum price is likely to fall in the second half of this year. The reason, the U.S. economy began to grow in the period.

Besides Goldman Sachs, Credit Suisse Group AG also made a similar projection for the movement of gold prices in the second half of 2013. According to Credit Suisse analysts, the decline in gold prices occur because of fears of market participants transacting in the stock market will fade. As a result, gold is so not too exciting.