Gold to rally towards $1,850 if virus lasts into Q2 – Goldman Sachs

ForexLive/Justin Low/2-21-2020

graphic image of investor holding gold bar with three bears in the background

“In a note on its commodities outlook, Goldman argues that the outlook for lower US yields and weaker equities ‘creates further upside risks to our gold forecasts with gold pushing towards $1,750 should the coronavirus be contained during Q1.'”

USAGOLD note:  Goldman sees political uncertainty, geopolitical risks, de-dollarization and negative yields as the chief inducements for gold ownership and the coronavirus as a kicker that could intensify the underlying uptrend.

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