Gold price up again as Goldman names it favorite trade | Metals Mine

  • Gold price up again as Goldman names it favorite trade

    From mining.com

    Gold price rose for the second straight Wednesday as investors weigh the economic impact of the covid-19 outbreak and its effect on commodities. Spot gold rose 0.5% to $1,710.58 an ounce by 1 p.m. EST. Gold futures were up 1.0% to $1,716.00 per ounce on the Comex in New York. Historically, the price of gold has surged during times of crisis, a sentiment that has been echoed by commodity analysts. Jeff Currie, global head of commodities research at Goldman Sachs, is still bullish on gold as there remains a high level of uncertainty over how the pandemic will ultimately affect the economy. In an interview with ... (full story)

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auricforecas
May 13, 2020 4:03pm
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Of course, they are not named GOLDman for nothing I am with them on that one... Just love the gold (going UP), as it should, by all possible criteria, from every possible angle.... GOLD is the market I am most "certain" about that it (should/will) go up
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