Gold hits 6-year high with Goldman backing bullion over oil

Bloomberg/Ranjeetha Pakiam and Justina Vasquez/1-5-2020

photo of a pile of American gold eagles“‘History shows that under most outcomes gold will likely rally to well beyond current levels,’ [Goldman Sachs] analysts including Jeffrey Currie and Damien Courvalin said in a note. That’s ‘consistent with our previous research, which shows that being long gold is a better hedge to such geopolitical risks.’”

USAGOLD note:   Goldman has become one of the more consistent and vocal advocates of gold ownership on Wall Street over the past several months. . . . .

This entry was posted in Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion. Bookmark the permalink.