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Fortune

Sasha Rogelberg

Goldman Sachs says the demand for gold is not just hype, and predicts the U.S. could still see a repeat of a Nixon-era spike

Gold Goldman Sachs United States Lina Thomas Richard Nixon Inflation Oil

Richard Nixon stands behind a podium, one finger waving in the air as he speaks. (Credit: Getty Images)

The recent surge in precious metals isn’t fool’s gold. Lina Thomas, commodities strategist with Goldman Sachs Research, said in a video posted on Thursday the swelling price of gold is more than hype.

“The rally remains grounded in fundamentals, not frenzy,” she said.

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