According to Bloomberg, Goldman Sachs investment bank recommends that its customers diversify their investment portfolio with gold. According to bank analysts, the demand for gold will grow amid growing concerns about the prospects for the global economy.

“Gold cannot completely replace government bonds in the investment portfolio, but to have up to 10% of precious metals has always been, is and will be a reasonable decision,” this was the opinion of analysts in their review last week. "We still see growth potential in the gold market, as increased political instability and economic problems will be the main supporting factors for the price of gold."

It is worth recalling that in September of the current 2019, the cost of the yellow precious metal rose to a 6-year high. This happened against the background of a decrease in the interest rate by the US Central Bank (FRS). Currently, negative debt global debt has risen to $ 17 trillion. In this regard, the world has increased demand for gold as a protective asset. Although gold does not yield interest income, it does not have negative returns. Since its maximum in September this year, the value of the yellow precious metal has fallen by -6%.

According to analysts at Goldman Sachs investment bank, the correction in the gold market may continue. However, for the next 2020, they predict a resumption of growth in gold prices to the level of $ 1,600 per ounce.