Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman

Summary:
Gold will climb to ,600 over the next year – Goldman◆ Goldman is still forecasting that gold will climb to ,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 . Global ‘Gold Rush’ Beginning As Investors and Central Banks Buy, Repatriate and Move Gold ◆ Gold is

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