*Great Report: Goldman-Macro on Gold

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: **Please listen to the political message disclaimer at bottomTL/DR – 6 points* Trump’s de-escalation bias keeps the core macro trade intact: long US equities, short US 10y rates, with growth and affordability prioritized into the midterms.* Goldman differs with BOA’s Hartnett on what to play macro-wise on 2 fronts.. stocks and bonds. But both agree on Gold. * Gold remains the preferred hedge across scenarios as central bank buying and private-sector diversification support Goldman’s $5,400/oz Dec-2026 forecast.