‘Watch Gold in 2020,’ Says One of Wall Street’s Most Influential Stock-Market Investors

Blackstone’s Byron Wien says gold ‘has a chance to be an interesting investment’

by Mark DeCambre
Market Watch

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.

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