Goldman forecast gold at $1,050 in six months and $1,000 in a year.
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Gold may become a three-figure commodity once again after holding above $1,000 an ounce for the past six years.Goldman Sachs Group Inc. said last month a December rate rise would probably hurt bullion.That's in line with Morgan Stanley's Market Implied Pace of Rate Hikes Index, which suggests the Fed will carry out three 0.25 percentage-point rate increases next year.Goldman forecast gold at $1,050 in six months and $1,000 in a year as rates climb, according to an Oct. 21 report.The minutes of the Fed's October meeting were likely to reinforce expectations of a rate increase next month and drag gold prices lower, Oversea-Chinese Banking Corp. said in a note Thursday.
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