Thursday, January 2, 2020

Barrons: The Price of Gold Could Hit a New Record High in 2020

By SIMON CONSTABLE

Investors who didn’t own gold in 2019 could be kicking themselves after an 18% rise in prices for the year. But it might not be too late to join the rally. 

Some gold bulls even see the price of bullion breaking the record high set in 2011, when it topped $1,900, roughly 25% higher than current levels. Robust buying by central banks, a weakening of the U.S. dollar, and growing political tensions could combine to fuel further gains. Read more here.

Photo by Jingming Pan on Unsplash

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