GS expect the bullish gold trend to continue. New forecasts,...

GS expect the bullish gold trend to continue. New forecasts, each up by 25 USD

• three month 1350
• six month 1400
• 12 month 1450

Citing:

• low and falling US unemployment rate expected to keep late-cycle worries elevated … supporting ETF inflows
• Low European growth, negative real rates are likely to further boost European ETF purchases
• Elevated geopolitical tensions
• Lower pressure on EM currencies should help keep central bank gold purchases at same level as 2018
• weaker dollar and acceleration in GDP growth are expected to boost EM dollar purchasing power and hence gold demand 

Also, silver forecasts:

• three month 16.50
• six month 17
• 12 month 17.50

each up 25 cents from previous