Goldman Sachs sees more room for gold to run higher, hiking its forecast for the precious metal due to growing recession risks [Fortune]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Fortune
more central banks buying the precious metal along with higher ETF flows. Donald Trump's presidency has been a blessing for gold bugs now profiting from the uncertain economic outlook sparked by his administration's trade war. In times of great uncertainty, few assets can outperform gold. The precious metal has been a safe haven for decades—and this year, it's enjoyed a bull run that has rewarded bullion owners with massive gains. Wall Street investment bank Goldman Sachs now argues the price has further room to run thanks to the growing likelihood of a global economic slump sparked by the Trump administration's repeated flip-flopping when it comes to its punitive tariffs. “This week's stress in the U.S. bond market and gold's rally to
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Sec Filings
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