Goldman Sachs’ Target Price for an Ounce of Gold is $1,600
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.
Since September, however investors have embraced more risk. That has meant that while stocks have rallied, gold has flatlined.
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
—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.
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.’
A New York Supreme Court Judge Needed 55 Pages
—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.
翻译 | Anqi
《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”。