Goldman ‘Bullish’ on Gold As Metals Gain on Stimulus Bet

  • Date: 14-Feb-2020
  • Source: Bloomberg
  • Sector:Oil & Gas
  • Country:Qatar
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Goldman ‘Bullish’ on Gold As Metals Gain on Stimulus Bet

of UBS Wealth Management told Bloomberg he thinks gold could. One thing that our clients are looking at is gold.. we think that gold could finish the year at sixteen hundred .. that shoot should should things go completely wrong and. the reason why we don't see any response out of the coronavirus. fifty tons of gold represented 22 percent of global gold. I think a big key issue again needing to be a driver going. The third reason has to do with a saving surplus.. afterwards that opens up that gap and creates excess savings and. A lot of that's being put into assets like gold. Another commodity we want to dig into is natural gas.. Global natural gas prices are drifting. Well the really big catalyst is that the entire northern. hemisphere has seen an unusually mild winter.. People saw the glut coming but really there was hope that. winter would show up and soak up a lot of this excess supply .. declare force majeure on February 7th cargo they managed to work. . So Jeffrey take a look at natural gas market.. because if you are a European player you got the U.S.. the time and