Goldman Sachs sees gold soaring 9% in 2020 as Trump's trade-war and recession fears grip investors

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 10%
  • Publisher: 51%

The investment bank pointed to a host of reasons, even Modern Monetary Theory, as factors in its forecast.

United States Headlines News

United States Latest News, United States Headlines

The price of gold could jump 9% to $1,600 per ounce by the end of March, according to Goldman Sachs. Goldman analysts highlighted political uncertainty, recession fears, emerging-market growth, central banks' gold buying, greater discussion of Modern Monetary Theory, and other factors underpinning a higher gold price.

The price of gold could jump 9% to $1,600 per ounce by the end of March, according to Goldman Sachs. Goldman analysts highlighted political uncertainty, recession fears, emerging-market growth, central banks' gold buying, greater discussion of Modern Monetary Theory, and other factors underpinning a higher gold price.

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:

 /  🏆 729. in US
 

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

😴🇦🇷

They been saying that for 10years at least

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

Goldman raises 2020 oil price view on OPEC-led inventory tightnessGoldman Sachs raised its oil price forecasts for 2020, citing tighter-than-expec... Perfect RSI reverse sentiment indicator - oil going below 50 in coming months
Source: Reuters - 🏆 2. / 97 Read more »

'We've gone this far': Farmers stick with Trump over trade'We've gone this far, we want to make sure we get a good deal': Farmers stick with President Trump over trade The end of the family farm. ТЕБЕ БУДЕТ НЕ ВЫГОДНО DJT: As soon as we figure out this toilet mess, we'll get on the trade issue. We'll study it strongly, and make sure it flows, and then, in a couple of weeks, it will be so easy to do. But we're studying it strongly and should have something in two weeks, stay tuned. thank you.
Source: CNN - 🏆 4. / 95 Read more »

ISM Report On Manufacturing Is Not As Bad As Some Seem To ThinkThough several commentators viewed the recent ISM report as a sign of recession, the figures instead suggest stable but slow real growth going into 2020. We all know hundreds of thousands jobs are usually added prior to Thanksgiving / Christmas. The true picture will emerge in January.
Source: Forbes - 🏆 394. / 53 Read more »

Stock market crash guide from Goldman says lower returns for years - Business InsiderGoldman Sachs just updated its definitive checklist for predicting stock market crashes — and its conclusion points to years of lower returns for investors
Source: BusinessInsider - 🏆 729. / 51 Read more »

Opinion | Republicans Suppress Their Own VotersFrom WSJopinion: Today’s Republican Party demands fealty to Donald Trump rather than core beliefs and principles, writes WalshFreedom opinion WalshFreedom The Republican fringe-right Congress has become Putin's and Trump's disinformation, lies, and propaganda squad. The majority of Americans see it and understand Congress must act in order to protect the Constitution, rule of law and our country. opinion WalshFreedom Children in cages because of racist realDonaldTrump. opinion WalshFreedom Imagine that, a guy running against Trump with no chance in hell of winning is attacking Trump. And the fake news slobbering all over him as if his words mean anything.
Source: WSJ - 🏆 98. / 63 Read more »

Don't count out a 2020 rate hike: Wells Fargo's Michael SchumacherWells Fargo Securities' Michael Schumacher speculates November's blowout jobs report may signal the economy is stronger than the consensus thinks. trading Can't imagine them hiking rates during a global slowdown. trading Definitely would be a surprise. Some of those loading up on muni bonds and LEVERAGE would be on the wrong side of that bet if this were to happen. trading Good luck with that 😆 Wall St won’t allow it. Gotta keep that illusion going through elections.
Source: CNBC - 🏆 12. / 72 Read more »