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Goldman Sachs Turned More Bullish on Gold in 2019

Annie Gilroy
Goldman Sachs Turned More Bullish on Gold in 2019

Goldman Sachs noted that rising volatility (VXX) and the potential for an additional sell-off in equities makes it bullish on gold despite the higher interest rate outlook. In a report published on November 26, Goldman Sachs reiterated its positive views on commodities, especially oil (USO) and gold. Goldman Sachs expected slower US growth to benefit gold since its appeal as a safe-haven asset increases.