Goldman Sachs predicts $1050 gold in 12 months Goldman Sachs says it continues to expect more U.S. dollar strength and a gradual increase in U.S. real rates -- as growth recovery resumes after a disappointing first quarter and as the first Federal Reserve rate hike approaches -- to push gold prices down further. “Gold prices remained in a relatively tight range in June and early July, with concerns over ‘Grexit,’ a weakening of the U.S. dollar against the euro, and rising U.S. real rates having little overall impact on pricing,” Goldman says in a commodities report Tuesday. “Our gold price forecasts remain $1,180/oz in three months, $1,150/oz in six months and $1,050/oz in 12 months.” Goldman says it also looks for silver to fall since it tends to track gold, although the bank also looks for the silver/gold ratio to “normalize” as global economic growth begins to recover.