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Historically, gold strengthens on recession fears and risk-off shifts; Cooperman's credibility may amplify near-term gold buying, though magnitude depends on actual macro data and policy cues.
What happened, with direct paths to the underlying reporting
Leon Cooperman warns the U.S. may enter a recession next year, per Business Insider, potentially ending the AI-led market rally. The macro-risk signal suggests safe-haven assets like gold could attract flow. If fears persist, GLD may see near-term upside as investors seek protection against deteriorating growth outlook.
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