Blackstone’s Byron Wien says gold ‘has a chance to be an interesting investment’
by Mark DeCambre
Gold has a chance to be an interesting investment in the coming year, says Blackstone investment luminary Byron Wien:
‘Watch gold in 2020. It has a chance to be an interesting investment.’ – Byron Wien
That is how the veteran investor, whom U.S. News & World Report report described as a modern-day cult figure on Wall Street and one of the most influential investors, described the outlook for the yellow metal in the coming 12-month stretch, during a CNBC interview, ahead of the release of his well-read list of market surprises.
Wien didn’t provide further clarity on his gold estimates or the precise direction of gold trading in 2020.