Goldman Recommends Gold as Fed Rate Cut Nears

Why Investors Should Consider Gold Now

Gold has long been regarded as a "safe haven" investment, especially during times of economic uncertainty. As the Federal Reserve hints at a potential rate cut, analysts at Goldman Sachs are advising investors to "go for gold." Gold futures recently hovered above $2,515 per ounce, showcasing a remarkable increase of nearly 22% year-to-date. This makes gold the second-best-performing asset in 2023, just behind cryptocurrencies.