GLD fell more than 3% in Friday’s gold sell-off. [Gold ETF Lowest Since 2011]
Goldman Sachs announced Wednesday that the gold price forecast has been lowered, to $1,450 per troy ounce, 9% lower than the original forecast, reports Debiprasad Nayak for The WSJ.
SPDR Gold Trust
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.