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