Login ID:
Password:
Partner Login
Contact Us : 7066511911

Gold To Rally Towards $1,850 If Virus Lasts Into Q2 - Goldman Sachs

22 Feb 2020 9:01 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) - Goldman notes that the outlook for lower US yields and weaker equities "creates further upside risks to our gold forecasts with gold pushing towards $1,750 should the coronavirus be contained during Q1".

However, if the virus disruption stretches into Q2, "we see substantially more upside from here - towards $1,850, depending on the magnitude of global monetary policy response".

Adding that "we see such a rally being driven by the continued search for yield, increased demand for portfolio diversification and higher political uncertainty" with gold being "a strategic allocation to protect a portfolio from geopolitical risks such as the current outbreak, de-dollarization and negative real yields".

(Commodities Control Bureau)


  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 News
Energy Natural Gas (NYMEX) Relief Rally Underway / ...
BMD Palm Rises Until Midday Break; Fitch Sees Lower Pr...
Energy Crude Oil (May 20) Testing Resistance Near ...
Market Snapshot (Globex)
CAI Retains 2019-20 Cotton Output At 354 Lk Bales; May ...
Top 5 Special Reports
CME SOYBEAN COMPLEX FUNDAMENTAL ANALYSIS REPORT
NCDEX SOYBEAN COMPLEX FUNDAMENTAL ANALYSIS REPORT
MCX CPO FUNDAMENTAL ANALYSIS REPORT
USD/INR (Apr. 20) Bullish Price Trend / Next Potenti...
Weekly: ICE Raw Sugar Loses Over 7% As Net Shorts Nearl...
Copyright © CC Commodity Info Services LLP. All rights reserved.