Gold Could Be the Next Trump Trade, Goldman Sachs Says. Forget DJT Stock.
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Goldman Sachs suggests that gold could benefit from policy uncertainty over the next 13 months, potentially making it a favorable investment compared to DJT stock.
November 18, 2024 | 12:00 pm
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POSITIVE IMPACT
Goldman Sachs predicts that policy uncertainty could boost gold prices over the next 13 months, making gold a potentially attractive investment.
Goldman Sachs' research note highlights policy uncertainty as a factor that could drive gold prices up. This suggests a positive outlook for gold-related investments like GLD.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Goldman Sachs implies that gold may be a better investment than DJT stock amid policy uncertainty over the next 13 months.
The mention of DJT stock in comparison to gold suggests that Goldman Sachs views gold as a more favorable investment, potentially leading to a negative short-term impact on DJT stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60