Goldman Channels FDR's `Nothing to Fear' With Sell Gold Call

Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest level in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day. Prices tumbled.

Goldman Channels FDR's `Nothing to Fear' With Sell Gold Call

Most of Goldman's calls in 2016 have lost them money