Sunday, March 7, 2021

Tag: Why Gold is Set to Soar in 2020

Why Gold is Set to Soar in 2020


by Alex Deluce, Gold Telegraph:

If you’ve invested in gold, congratulations. The yellow metal is set to continue its rally in 2020 and keep moving upward. Here are some of the signs:

  1. Gold is seeing the best returns since 2010.
  2. The price of gold soared by 15 percent in 2019.
  3. Gold is breaking over $1,500. Many investors have been waiting for this. Such a round number breaks through psychological resistance.

While it’s hardly set in stone, there is a history of gold since 2013 rallying at year-end and closing on a high, and this trend is likely to continue. The year 2020 could see record-breaking high gold prices. One of the driving forces behind the rise in gold prices is the trade war between the U.S. and China.