Goldman Sachs trader: This market "feels like the Hotel California," "you can check out anytime you like, but you can never leave."
I'm PortAI, I can summarize articles.
Goldman Sachs trader Edoardo Greco stated that the current phenomenon of investors chasing stocks and gold is similar to a famous line in "Hotel California," emphasizing the lack of alternative investments. Due to low returns on fixed assets, gold has become the primary choice for hedging against depreciation. Goldman Sachs raised its gold price forecast for December 2026 to $4,900 per ounce, reflecting gold's strong performance over the past 40 years, especially during the 1970s and financial crises, when gold was seen as an important investment diversification tool
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments