Goldman’s Currie Sees Gold Dropping Below $1,000 on Dollar
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Goldman Sachs Group Inc.’s Jeffrey Currie says the worst is yet to come for gold and that prices could fall below $1,000 an ounce for the first time since 2009.
“With the more positive outlook on the dollar, and with debasement risk starting to fade, the demand to use gold as a diversifying asset against the U.S. dollar becomes less and less important,” said Currie, who told investors to sell in 2013 before the metal’s biggest collapse in three decades.