You are here

'Buying opportunity' likely if gold slump gets worse: Goldman

BT_20161008_BULLION_2536148.jpg
Gold's retreat comes amid investor concern central banks may be approaching the limits of what monetary policy can do to stoke growth.

Singapore

GOLDMAN Sachs Group Inc says that a strategic buying opportunity may open up in gold should prices drop substantially below US$1,250 an ounce, with bullion offering investors a way to protect themselves against risks to global growth and limits to central banks' effectiveness.