Inflation risk to fuel bull market for gold and oil, says Goldman
“Goldman Sachs is forecasting a bull market for commodities in 2021 based on its outlook for a weaker dollar, inflation, and the prospect of further economic and fiscal stimulus.”
USAGOLD note: The investment bank is calling for a 30% twelve-month return on the Goldman Sach’s Commodities Index based on the return of an old bullish narrative – Chinese demand. It is recommending long positions in silver and gold among a group of commodities for inflation hedging purposes.
Repost from 10-24-2020