Goldman says return of fear is good for gold
Singapore
GOLDMAN Sachs Group Inc said that "fear" has made a comeback, and gold is benefiting as stocks slide and investors fret more about the possibility that the US economy may tumble back into recession.
Bullion's recent advance "happened on the back of the market sell-off and spike in volatility", analysts including Mikhail Sprogis and Jeffrey Currie, wrote in a report dated Oct 30.
