Heard on the Street Recap: GoldenEye

The precious metal is on the top of global markets, benefitting from pervasive worries over the U.S. currency, political system and place in the world. In a note Monday, Goldman Sachs analysts forecast the yellow metal would hit $4,900 an ounce by the end of next year, driven by central banks in emerging markets, which “are likely to continue the structural diversification of their reserves into gold.” The Wall Street Journal reported Tuesday that a fire on Sept. 16 did severe damage to an aluminum plant in Oswego, N.Y., knocking a major portion of it offline until early next year.

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