Coronavirus outbreak: Goldman Sachs Group sees gold hitting $1,800

Goldman Sachs Group  boosted its gold forecast to $1,800 an ounce as the coronavirus, depressed real rates and increased focus on the US election continue to drive demand for the metal as a haven. The bank raised its 12-month projection by $200, and said “in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis.”