EXPM:HRTFF - Post by User
Post by
justrelax2on Jul 10, 2020 7:57pm
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Post# 31254298
In the meantime - Goldman says
In the meantime - Goldman says Goldman Sachs analysts are more confident than ever that gold will hit $2,000/oz., seeing a scenario "ideal for gold" in which the U.S. is hit by a second wave of coronavirus cases, while China - the world's largest retail buyer of the metal - recovers strongly.
"Go long copper, silver and steel and stay long gold," Goldman says, favoring copper as the most exposed commodity to the investment-driven Chinese recovery, while silver should benefit from ongoing demand for safe haven assets, as well as the Chinese industrial recovery.