Goldman turns bullish on yen, sees gradual gains in next year
“A more challenging global risk environment argues for a more constructive view in 2019,’ they wrote. ‘We have found that lower U.S. growth and higher market volatility tend to benefit the yen, even when the Federal Reserve raises rates faster than expected.'”
USAGOLD note: This might turn out to be good news for gold in 2019 if Goldman is right. The yen and gold have been traveling partners over the past several months.