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

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...