Citigroup recently said they see the price of gold possibly reaching $1,300 an ounce as early as next week, depending on whether or not the Federal Reserve talks about quantitative easing.
Goldman Sachs (NYSE:GS) now agrees that their estimates on how long it'll take to reach $1,300 gold could come much quicker if quantitative easing is resumed.
In a note to clients, Goldman analysts said quantitative easing "would likely accelerate the move to our 6-month price target and provide upside risk to our forecast."
Gold prices broke another record in intraday trading Friday, reaching $1,284.40 an ounce for December delivery.
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