Gold Price Forecast In 2020

The world bank predicts the price of gold to increase to 1 470 oz in 2020 from an average of 1 360 oz in 2019.

Gold price forecast in 2020. With a 5 year investment the revenue is expected to be around 72 73. Analysts were forecasting gold prices at 1 558 8 oz on average up 12 from 2019 still short of the actual price by over 200. Ig client sentiment index.

This is what their gold price forecast 2020 looks like. In the first month of 2020 gold prices averaged 1 561 oz 5 5 percent up from december. Gold price per ounce equal to 1849 800 usd at jan 31 2021.

Our 2021 forecast for gold is above 2 000. Gold is no different but it is also one of the least risky investments that there is. In the beginning price at 2128 dollars.

The gold price forecast at the end of the month 2128 change for december 0 1. Based on our forecasts a long term increase is expected the gc commodity price prognosis for jan 23 2026 is 3195 210 usd per ounce. Our gold price forecast 2020 of 1 750 was spot on.

Gold price rally of 2020 crushes analyst forecasts mining com. Retail trader data shows 80 41 of traders are net long with the ratio of traders long to short at 4 10 to 1. Gold price forecast for january 2022.

The corona crash is pushing gold into new all time highs. The key factor that is fuelling the demand for the yellow metal is a high level of uncertainty observed. High price 2232 low 2020.