Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman

Gold will climb to $1,600 over the next year – Goldman

Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand.

Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc.

◆ “We still see upside in gold as late cycle concerns and heightened political uncertainty will likely support investment demand” for bullion as a defensive asset.

◆ “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever.”


Full article via Bloomberg here



NEWS & COMMENTARY

Gold inches up on US-China trade uncertainty

Gold loses over 1% as better-than-expected U.S. jobs report lifts stocks and the dollar

Gold falls 1% after robust U.S. jobs data; palladium soars

Gold has been on a round trip to nowhere this week, trader says

Sovereign Gold Bonds in 2019: Really?

China’s November foreign exchange reserves fall more than expected amid focus on trade deal


GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

06-Dec-19 1474.85 1459.65, 1122.80 1112.40 & 1328.54 1320.25
05-Dec-19 1474.60 1475.95, 1122.76 1122.31 & 1329.65 1329.54
04-Dec-19 1475.85 1475.10, 1131.53 1125.94 & 1332.54 1327.89
03-Dec-19 1470.40 1477.30, 1132.50 1136.78 & 1328.51 1333.12
02-Dec-19 1457.50 1461.15, 1130.00 1130.05 & 1323.26 1321.17
29-Nov-19 1456.35 1460.15, 1129.55 1131.32 & 1323.24 1327.42
28-Nov-19 1457.55 1454.65, 1127.27 1127.35 & 1323.60 1321.84
27-Nov-19 1459.80 1454.35, 1134.12 1129.74 & 1326.23 1322.30
26-Nov-19 1457.65 1454.65, 1133.76 1131.86 & 1322.96 1321.11
25-Nov-19 1459.45 1458.40, 1133.41 1130.84 & 1325.33 1323.35


Watch Our Latest Video Update Here


SIGN UP FOR OUR AWARD WINNING MARKET UPDATES HERE


Mark O'Byrne

Also on news-goldcore-com

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

How High is Too High for Rising Government Bond Yields?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

Gold to hit $3,000, Bitcoin to $20,000 Chart Warning Signals!

Today on #GoldCoreTV, Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com, shares some insightful charts that help to understand the warning signals in #Bitcoin, #Gold, and #Silver markets. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Are Central Banks Targeting your Bitcoin? Watch this Episode to […]

READ MORE

Crypto Mania: Dawn of a New Era

Metals prices are up month over month. This is a nice thing to report and rare since last August. The news this week has been entirely about crypto, again. We report on them insofar as crypto seems to divert money and attention away from silver and gold. Perhaps the crypto mania is peaking. That would […]

READ MORE

Featured

Newsletter
Category
Archives
Popular

No posts available

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

How High is Too High for Rising Government Bond Yields?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

Gold to hit $3,000, Bitcoin to $20,000 Chart Warning Signals!

Today on #GoldCoreTV, Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com, shares some insightful charts that help to understand the warning signals in #Bitcoin, #Gold, and #Silver markets. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Are Central Banks Targeting your Bitcoin? Watch this Episode to […]

READ MORE

Crypto Mania: Dawn of a New Era

Metals prices are up month over month. This is a nice thing to report and rare since last August. The news this week has been entirely about crypto, again. We report on them insofar as crypto seems to divert money and attention away from silver and gold. Perhaps the crypto mania is peaking. That would […]

READ MORE

Featured