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Goldman Sachs Says Gold to Move Higher


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Goldman Sachs Says Gold to Move Higher

(New York)

Gold is an interesting asset class right now. Everyone knows it has been in the doldrums for many years, but with recession fears brewing, and rates falling, the outlook is an interesting one. Goldman Sachs thinks gold is headed higher. Their thesis is that late cycle worries and falling rates will combine to push up the shiny metal. Falling rates will weaken the Dollar, further helping overseas buyers purchase gold.

FINSUM : In general, we like this thesis. However, we think gold would do better if there was more worry about a huge downturn/crisis, which there doesn't seem to be. Fears right now are about a standard recession, which would help gold, but maybe not be ultra bullish.

  • gold
  • Commodities
  • metals
  • Goldman Sachs
  • silver

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Stocks




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