As the US election season really starts to heat up, with the first debate looming this week, Goldman Sachs commodities research team see significant value in long gold positions as a hedge against the risk of inflationary US policies after the elections from geopolitical shocks including tariffs, Fed subordination risk, and debt fears.
Goldman's US economists and cross-asset strategists have analyzed the effects of potential shifts in fiscal, regulatory, trade, monetary, and foreign policy of US presidential election outcomes.
