Goldman Sachs sees gold soaring 9% in 2020 as Trump’s trade war and recession fears grip investors
|12/09/2019||Posted by BusinessMediaguide.Com under General World News||
- 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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