The US Goldman Sachs Bank, which shares its predictions for precious metal, is waiting for gold prices to exceed $ 2,500 this year.
Tim MOE: We think that gold is also a place in the portfolio.
Goldman Sachs economists say that the increase in the record levels they estimate for gold, the ongoing Russian-Ukraine War and the slowdown in the world economy, as well as the increase in raw materials and products after the sanctions imposed on Russia. Goldman Sachs Asian Economy, Strategy and Commodity Research Co -Chair Tim Moe said in a recent statement that he has a place in a good portfolio:
We think that markets still pricit energy stocks and some metal and mining shares. We think that gold has a place in the portfolio. If margin flexibility, high dividend payment theme, compound growth theme, and then the actual asset theme is combined, this will guide to have a portfolio that is currently morely isolated than macro challenges and opposing winds that are currently shaking markets.
“It seems in favor of gold that real interest rates are still negative”
Kriptokoin.comAs you have followed from the news, Gold has made a very good climb today and traded at the level of $ 1,956 with an increase slightly above 0.50 percent. According to TradingView data, Spot gold changed hands at an increase of 0.33 %on a daily basis for $ 1,953.36, while the US gold futures increased by 0.61 %and settled for $ 1,957.5.
However, the stock market trends are still unclear by consolidating the indices after the Covid-19 pandema. According to Market Analyst Rajan Doll, keeping the gold in a portfolio may be a major risk as inflation increases and raises the Fed interest rates. Analyst makes the following assessment:
Real, interest rates still appear in favor of gold that still performs negative and low -performing in the stock market. This morning there was some flow to the physical ETFs in Europe, some of which gave strong technical signals. The opening of the US market may be interesting, as the largest gold ETF (SPDR Gold Trust GLD) can see some movement.