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

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

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

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Central Banking Is A Joke, And You Are The Punchline

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this?  Because each is paid well enough already. And each of them holds a job that contains implied fiduciary duties to […]

READ MORE

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

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

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE