Goldman Sachs has a new blowout forecast for gold

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Goldman Sachs has ditched its own $2,000 forecast and says we’re going to see $2,300 an ounce in the next 12 months:

A weaker day is setting up for stocks on Tuesday, as optimism over U.S. stimulus progress and vaccine news starts to fade, and attention turns to the start of a two-day Federal Reserve meeting.

One point made by Currie and the team is that hedges against inflation like commodities and stocks are likely far cheaper currently, than maybe in the future when inflation could start to show up. Current debasement — lowering the value of currencies — and debt accumulation “sows the seeds for future inflationary risks despite inflationary risks remaining low today.”

Goldman’s Currie isn’t that concerned though, as he said emerging market currencies are starting to see an ease in pressure and growth is starting to look up for the region. He sees those buyers will be ready to step in when prices stabilize and developed market purchasers run out of gas. Outside of the Fed meeting, the Case-Shiller national home price index and consumer confidence are ahead.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Because NESARA is coming... the more you know... 😎

Top

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

“Goldman Sachs Is Still Goldman Sachs”: Investment Banks Soar as COVID-19 Rattles EconomyTrading and underwriting are up at Goldman and Morgan Stanley, while memories of the 2008 financial collapse fade. “This is not a normal recession,” says Jamie Dimon. Nothing like - Free Money - to to prop up the street gang !
Source: VanityFair - 🏆 391. / 55 Read more »

Goldman Sachs overhauls performance reviews, adds more checkins - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can’t believe the bell curve is still alive and kicking! A more ruthless Goldman Sachs is just what this world needs. Precisely profitable proletariat prioritization, predictably predicated on perilous premonitions. Pricks Peter? ZeitgeistFilm
Source: BusinessInsider - 🏆 729. / 51 Read more »

Goldman Sachs CEO opens in live DJ performance for the Chainsmokers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

“Goldman Sachs Is Still Goldman Sachs”: Investment Banks Soar as COVID-19 Rattles EconomyTrading and underwriting are up at Goldman and Morgan Stanley, while memories of the 2008 financial collapse fade. “This is not a normal recession,” says Jamie Dimon. Nothing like - Free Money - to to prop up the street gang !
Source: VanityFair - 🏆 391. / 55 Read more »

Gold prices surge to record high amid coronavirus worries, U.S.-China tensionsThe price of gold has hit a record high as worries over issues such as the coronavirus pandemic as well as U.S.-China tensions weighed on investor sentiment. Yes, because it's a well established scientific fact that coronavirus eats gold. These people are criminals who are manipulating prices, taking advantage of the fact that dictatorial governments can only do one thing at a time. You want to save America get rid of the news media NBC ABC CBS. 'IT IS NOT NEWS'
Source: NBCNews - 🏆 10. / 86 Read more »

Goldman Sachs overhauls performance reviews, adds more checkins - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can’t believe the bell curve is still alive and kicking! A more ruthless Goldman Sachs is just what this world needs. Precisely profitable proletariat prioritization, predictably predicated on perilous premonitions. Pricks Peter? ZeitgeistFilm
Source: BusinessInsider - 🏆 729. / 51 Read more »