Comments from Goldman Sachs on gold. They recommend selling the shiny rock, saying a repeat of the GFC is unlikely
- Have a 3-month target of $1100
- In 12 months they see it at $1000
- They say its 'extreme pricing' is not justified
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Gold is around 1208 bucks now from >1260 highs last week. The Goldman Sachs 'extreme pricing' sell advice is not as applicable as it was then, obviously.
via Bloomberg
