��Gold Price 2020 Forecast -- Will Gold Price Go Through The Roof ?

Gold Price 2020 Forecast -- Will Gold Price Go Through The Roof

Gold Price 2020 Forecast -- Will Gold Price Go Through The Roof ?

Gold prices made persistent gains during 2019 as the effects of ongoing US-China trade tensions took a mounting toll on the global economy.

Whilst the US-China trade deal has clearly affected the precious metals sector, volatility brought on by Brexit tensions, Hong Kong protests, the ending of the Iran nuclear pact, and the drone attack on Saudi oil fields all helped the yellow metal rally in the latter half of the year.

After gold corrected, it went down to about 1060 around mid-2016. Today it breached the 1560 mark. That's a 50% increase in price over about 3.5 years. Pretty good for a zero to the low-risk instrument.

The downside of all of that is that the US dollar has depreciated in tandem.

So will gold prices reach new highs in 2020?

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