Gold is Gold: 'Perfect Environment' Seen Keeping Gold Above $1,400/oz In 2020

[francoba + 93]

Lower interest rates and resurgent investor and central bank buying are expected to help gold prices cement recent gains and hold above $1,400 an ounce next year, but silver is seen struggling to catch up, a Reuters poll showed on Thursday. Fears about the health of the global economy have sent investors flooding to bullion, traditionally seen as a safe asset to hold in troubled times. But while gold’s status as a safe haven is accepted, silver is also widely used in industry in products such as solar panels, and slowing economies mean less will be needed, reducing demand and dragging on prices. While gold XAU= in June shot above $1,400 for the first time since 2013, silver XAG= was slower to rise and achieved only one-year highs around $16.60 an ounce. Gold is expected to retain its gains but not rise much further, the poll of 33 analysts and traders showed. They returned a median forecast for prices to average $1,351 an ounce this year and $1,433 in 2020. COMMODS-GOLD

[pinto + 293]

Who cares, I have no gold ...😀

[BALBOA + 37]

Property and gold are often both considered “safe” investments....

[Pavel + 384]

Gold hits two-week low on doubts over further US rate cuts.. everything is on correlation..

[damirUSBiH + 327]

3 minutes ago, Pavel said:

Gold hits two-week low on doubts over further US rate cuts.. everything is on correlation..

What about Bitcoin😂... Someone recently said Bitcoin will beat out other cryptocurrencies to become "digital gold"

[50 shades of black + 254]

So, good time now to invert the cash in gold? Especially in the bright of potential recession...

[Muganyi + 1]

Tried gold for investment purposes and it paid in sweet profits usually three four kg make huge profits