Goldman Sachs and Bank of America end bearish positions on precious metals
Zero Hedge Watch
Zero Hedge
Goldman Sachs and Bank of America end bearish positions on precious metals. A few months ago, things were looking grim for precious metals like gold and silver. Many analysts were predicting a lengthy downturn that would erase the gains in these assets. However, precious metals have proven to be more resilient than expected and this caught many investors off guard. Yesterday, Goldman flipped from a negative to positive position on gold after gold prices gained over 5% in one day. Today, Bank of America announced it ended its short position against silver and now has a neutral position on the precious metal. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
The Zero Hedge Watch feed provides a summary and link to a selection of articles from the Zero Hedge website
2 topics
Zero Hedge Watch
Publisher
Zero Hedge
The Zero Hedge Watch feed provides a summary and link to a selection of articles from the Zero Hedge website
Expertise
No areas of expertise
Zero Hedge Watch
Publisher
Zero Hedge
The Zero Hedge Watch feed provides a summary and link to a selection of articles from the Zero Hedge website
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment