Analysts See Gold’s Steady Gain For 2020 – 4 September, 2019

Ongoing trade issues between the U.S. and China has lead investors to believe gold will only continue to rise, backed by numerous rate cuts by the Federal Reserve. Analysts see gold rising above $1,600 per ounce, increasing between now and June 2020 when the final cuts are expected to be made. The precious metal has soared this year, providing a safe haven for many people who fear the trade war between the worlds two biggest economies are damaging global growth. The expectation is that the price per ounce will average around $1,400 for the remainder of 2019, with the majority of the above $1,600 mark to be hit in the first quarter of 2020.