Goldman Sachs’ Target Price for an Ounce of Gold is $1,600

高盛把黄金目标价定为每盎司1600美元

The precious metal currently trades for about 8% lower than that. The price of gold rose in the first nine months of the year—it was pushed higher by rising trade war tensions and worries about a global economic slowdown.

金价目前比这一目标价低8％左右。今年前九个月金价上涨，主要是受到贸易争端紧张局势加剧以及对全球经济放缓的担忧的影响。

Since September, however investors have embraced more risk. That has meant that while stocks have rallied, gold has flatlined.

但是自9月以来，投资者承担风险的意愿上升。这意味着股市上涨，而金价则趋于平缓。

But Goldman Sach’s analyst Mikhail Sprogis expects those slowdown fears to return in 2020, along with political uncertainty. On top of that, he says, bonds aren’t quite the fear barometer they used to be. All of that combined could push nervous investors to turn to gold yet again.

但高盛(Goldman Sach)分析师米哈伊尔·斯普罗吉斯(Mikhail Sprogis)预计，到了2020年，有关经济放缓的担忧会卷土重来，随之而来的还有政治不确定性。他称，除此以外，债券也不再像过去那样能够反映市场的担忧情绪。所有这些加在一起可能会促使紧张的投资者再次转向黄金。

The U.S.’ Trade with Canada and Mexico is Worth $1.2 Trillion

美国与加拿大和墨西哥每月的贸易总价值达1.2万亿美元

—each month. And soon, that trade could be done under a new set of rules. House Democrats are backing a re-worked trade deal among Canada, Mexico, and the U.S. If it passes, the trade pact will replace the old agreement, known as Nafta.

很快，这三个国家之间的贸易将根据一套新的规则进行。美加墨之间重新制定的贸易协议获得众议院民主党人的支持。如果这项协议获得通过，该贸易协议将取代旧协议，即Nafta。

And that would be an achievement for President Donald Trump, who has vowed to redo Nafta. In this rare moment of bipartisan cooperation on economic policy, Democrats called the new deal a “victory for American workers.’

对于此前承诺要改变Nafta条款的美国总统特朗普来说，这将算是他的一项政绩。这在美国两党在经济政策上展开合作的难得一刻，民主党人称新协议是“美国工人的胜利”。

A New York Supreme Court Judge Needed 55 Pages

纽约最高法院一名法官长达55页的判决书

—to explain his ruling on Exxon Mobil (XOM). The oil giant stood accused of deceiving investors about just how much climate-change could cost the company. But on Tuesday, the court dismissed the civil claims against Exxon Mobil.

这名法官在判决书中解释了他对埃克森美孚(Exxon Mobil, XOM)做出的裁决。这家石油巨头被指控在有关气候变化可能给公司造成多少损失的问题上欺骗了投资者。但是周二（12月10日）法院驳回了对埃克森美孚的民事诉讼。

The decision is a high-profile defeat for the New York state attorney general’s office. Still, although Exxon was cleared of material misstatements and omissions, the judge stressed that the case was about securities law. Nothing in the decision, he wrote, absolves Exxon for responsibility for contributing to climate change.

这项裁决标志着纽约州总检察长办公室的溃败。然而，虽然埃克森美孚已不再被追究信息披露方面的重大错误和遗漏，但这名法官强调该案与证券法有关。他在判决书中写道，该裁决并不意味埃克森美孚不用对气候变化承担任何责任。

翻译 | Anqi

版权声明：

《巴伦》(barronschina) 原创文章，未经许可，不得转载。英文版见2019年12月11日报道“A $1,600 Price Target for Gold, and Two More Numbers to Know”。

（本文内容仅供参考，投资建议不代表《巴伦》倾向；市场有风险，投资须谨慎。）