Select Page

Goldman Sachs is bullish on gold and says that it fully expects to see the precious metal reaching previous highs of £1,578 ($2,075) as a baseline prediction.

Damian Courvalin, who is the Head of Energy Research at the investment bank says that gold is entering a very favourable period thanks to the culmination of several factors. Most notably, the bank says the current high inflation environment favours the precious metal and gives it momentum to race back to and pass its previous all-time high.

He noted, “long-dated rates and real interest rates matter most for gold” while also saying that rising inflation makes gold a very attractive portfolio hedge. Confirming that Goldman Sachs is expecting extremely strong performance from gold he added, “our base case for gold is $2k and one should be open to some serious future upside”.

The bank also says that it expects to see a strong uptick in Central Bank demand for gold, with nations such as China already showing signs of this.

Buy now.

Disclosure
This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge