Replies to post #130 on Asset Allocation Strategies

[gfp927z]

>>> Goldman says ‘shine is returning' for gold as investors ramp up bets on rate cuts


by Jenni Reid

CNBC

November 27, 2023


https://www.nbcchicago.com/news/business/money-report/goldman-says-shine-is-returning-for-gold-as-investors-ramp-up-bets-on-rate-cuts/3287739/


...Analysts at Goldman Sachs said in a note Sunday on the metals outlook for 2024 that gold's "shine is returning."

"The potential upside in gold prices will be closely tied to U.S. real rates and dollar moves, but we also expect persistent strong consumer demand from China and India, alongside central bank buying to offset downward pressures from upside growth surprises and rate cut repricing," they said.

Bank of America analysts, meanwhile, said in a Sunday note that the commodities team's base case was for gold to appreciate from the second quarter of 2024 as "real rates are pushed lower by the Fed cutting."

<<<



---