Interesting outlook on gold from Goldman Sachs ahead of the Federal Reserve interest rate decision.
In an interview with Bloomberg, Goldman’s Jeffrey Currie said that gold is a good strategic hedge against problems in the world
The bank, which helped create the three-year bear market with its negative outlook in 2013, said that now investors want to be long gold because it is like being short politicians and “being short politicians is something that you would want right now.”
However, the Currie sees prices down from current levels as they expect the Fed will ultimately rate interest rates once at some point this year.
