Posts by David Schroeder

Key Points: Goldman Sachs on Friday updated its three-, six- and 12-month gold price forecasts to $1800/1900/2000/toz from $1600/1650/1800/toz and maintained its long December 2020 gold trading recommendation. Goldman analysts attributed the recent indecision to a conflict between the negative “wealth” shock to emerging market consumers and a positive “fear-driven” investment demand in developed markets.…

Summary The Fed kept rates on hold. The Fed issued their latest economic projections, which are very bearish. The Monetary Report to Congress shows the breadth of the damage done by lockdowns. This week, the Federal Reserve played the adult in the economic room, stating that the US economy was in the middle of a…