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Gold at $2,000 Is Now Even More Likely, Goldman Says. Here’s How to Trade the Commodities Recovery.

13 December 2020
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An “uneven recovery” lies ahead for commodities, but Goldman Sachs analysts are more confident than ever that gold will hit $2,000 an ounce. A scenario in which the U.S. is hit by a second wave of coronavirus cases, while China—the world’s largest retail buyer—recovers strongly is “ideal for gold,” the investment bank’s commodities research team said in a note. The team said it now has “even greater conviction” in its bullish 12-month target for the precious metal. Gold futures settled at a 9-year high of $1,820.60 per ounce...

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