Goldman Forecasts $2,700 Gold On 'Resilient Chinese Demand'

It’s amazing how the psychology of investors can change, even during a rally.

Just a few days ago while both gold and silver were selling off sharply to end the week, many precious metals investors were concerned about another downturn.

Which of course remains a possibility in any market at any time.

Yet the prices have stabilized this week, with gold still over $2,400 on Wednesday morning while silver is back up to $29.40. And of course a lot of the reasons that have been driving gold and silver over the past months remain in place. Which Goldman Sachs noted in their new gold report, where they shared their price target of $2,700 based on resilient Chinese demand.

So, Vince analyzes the report, talks about the reduction in Indian gold and silver import tariffs, and covers the rest of the daily precious metals news and trading levels.

To find out more, click to watch the video now!

Arcadia Economics

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