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Goldman Sachs Stayed Bearish over Gold’s Rally

What Are Market Players' Views on Gold and Other Precious Metals?

(Continued from Prior Part)

Goldman Sachs’ bearish outlook

In the previous part, we discussed the increasing flow of money in gold-based assets. Top Wall Street banks also have a view on gold that investors consider crucial. Gold rallied almost 17% in the first two months of 2016. However, Goldman Sachs remained a non-believer in gold’s rally. Investors were stuck in a risk-off mode because most of the investment avenues were underperforming.

The commodities market was deserted at the...