Gold prices have been enjoying a very strong surge over the past two months, defying earlier predictions of a cooldown and surpassing the psychologically important milestone of $2,000 an ounce. The rally has significantly impacted the performance of gold stocks, reflecting heightened investor interest in the sector.
This rally in gold prices has also prompted financial institutions like Goldman Sachs (NYSE:GS) to revise their outlooks, with the investment bank now forecasting even brighter days ahead for the precious metal.
More precisely, Goldman Sachs upgraded its price forecast to $2,700 per ounce by year-end, compared to the previous expectation of $2,300 per ounce. These gold stocks will likely benefit from the potential surge.
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