Gold Silver Reports — Gold Prices flat, Bounces After Slide to One-Month Low – Goldman Sachs Group Inc. is standing by its very bullish call on commodities, saying that the recent global markets selloff only bolsters its view that raw materials are set to perform well in the months ahead.
Read More: Goldman’s a Raging Bull on Commodities as Turmoil Aids View
“Commodities proved to work just as advertised” during the equity-led declines, Jeffrey Currie, the bank’s head of commodities research, said in an interview on Bloomberg Television from Hong Kong on Wednesday. “In fact, you saw base metals and gold trade up as the equity market went down.” – Goldman Neal Bhai Reports
