Goldman Sachs Group, Inc.

The price of the precious metal has been setting new records -- and many major financial institutions believe it has significantly further to rise.

With the coronavirus pandemic surging and the details of a new U.S. stimulus package proposal weighing heavily on investors' minds, gold soared to an all-time high Monday, reaching $1,932 per ounce. And Goldman Sachs expects the precious metal to glitter even more brightly in investors' eyes over the next year, it will reach $2,300 per ounce by July...