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Gold seen rising to US$1,350 per ounce in 12 months


  • Economy
  • Tuesday, 4 Dec 2018

Gold exchange traded fund (ETF) inflows are expected to expand in 2019 driven by late-cycle demand for an alternative portfolio diversifier, according to Goldman Sachs Group Inc.

Gold exchange traded fund (ETF) inflows are expected to expand in 2019 driven by late-cycle demand for an alternative portfolio diversifier, according to Goldman Sachs Group Inc.

SINGAPORE: Gold exchange traded fund (ETF) inflows are expected to expand in 2019 driven by late-cycle demand for an alternative portfolio diversifier, according to Goldman Sachs Group Inc.

The price outlook for 2019 was maintained at US$1,250/oz over three months, US$1,300/oz over six months, US$1,350/oz over 12 months, bank says in note.

Economy , Markets

   

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