Goldman Sachs on gold - raise their 12 month price forecast to $1,425

Gold price forecasts from the investment bank:

• 3 months at 1,325 / oz (prior forecast was 1250)
• 6 months at 1,375 (1300)
• 12 months forecast to 1,425 (1350)

GS citing

• defensive positioning (investors with a fear of a recession)
• central banks to buy