{"id":25820,"date":"2019-03-19T05:07:11","date_gmt":"2019-03-19T12:07:11","guid":{"rendered":"https:\/\/goldco.com\/?p=25820"},"modified":"2022-01-24T16:02:49","modified_gmt":"2022-01-25T00:02:49","slug":"wall-street-analysts-increase-gold-price-forecasts-1400-per-ounce-end-2019","status":"publish","type":"post","link":"https:\/\/goldco.com\/wall-street-analysts-increase-gold-price-forecasts-1400-per-ounce-end-2019\/","title":{"rendered":"Wall Street Analysts Increase Gold Price Forecasts; $1,400 Per Ounce by End of 2019"},"content":{"rendered":"

Most Wall Street analysts are a pretty conservative bunch when it comes to predicting the price of gold. Since Wall Street firms can\u2019t make the same money from trading gold that they can from trading stocks, bonds, currencies, and other commodities, they tend to downplay the importance of gold in investment portfolios and predict prices for gold that are lower than they are likely to really be.<\/p>\n

Enter the analysts at Commerzbank, who earlier this year predicted that gold would be at $1,350 per ounce<\/a> by year\u2019s end. Less than a quarter of the way through the year, those analysts have already had to up their predictions, with the expectation that gold will hit $1,400 per ounce<\/a> by the end of the year. Any bets as to when they\u2019ll next have to increase their predictions?<\/p>\n

Gold\u2019s performance this year has defied expectations, as most analysts normally expect gold to decrease in price when stocks make gains. But despite a stock market bull run so far in 2019, gold continues to see good gains. That\u2019s because the underlying economic fundamentals support a further rise in gold. Among the reasons expected for gold\u2019s price increase are:<\/p>\n