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Goldman Sachs sees gold soaring 9% in 2020 as Trump’s trade war and recession fears grip investors

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  • The price of gold could jump 9% to $1,600 per ounce by the end of March, according to Goldman Sachs.
  • Goldman analysts highlighted political uncertainty, recession fears, emerging-market growth, central banks’ gold buying, greater discussion of Modern Monetary Theory, and other factors underpinning a higher gold price.
  • “We still see upside in gold as late cycle concerns and heightened political uncertainty will likely support investment demand for gold as a defensive asset,” the analysts said.
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The price of gold could jump 9% to $1,600 per ounce by the end of March, according to Goldman read more >>>

Source:: BusinessInsider.Com