Goldman Sachs’ co-head of global commodities research, Daan Struyven, recommends gold as an attractive hedge against recession risks.
Despite recent volatility, Struyven maintains a bullish outlook on gold, forecasting prices could reach $4,250 per ounce during a recession.
He suggests that gold can help mitigate against potential recession drivers, including US policy risks related to trade, Federal Reserve pressure, and governance changes that might reduce global investor confidence in US assets.