Gold Prices To Peak At US$1,350?

The sell-side seems struck with gold’s luster these days as each day brings brighter reports for the precious metal. In one update from Goldman Sachs’ on May 10, the analysts bumped up their price target for the metal; they now expect a 10-15% increase in prices over a three-year period. Goldman predicts that this year’s average gold price will be around $1,202/oz., while they expect the average to be $1,150/oz. in 2017 and 2018. In the past week, UBS predicted gold would hit a high of $1,350 in the third or fourth quarter and average around $1,225/oz. through 2016. Gold miners looking at…