Gold Price Trend Forecast 2020
by Nadeem Walayat
The gold bull market ended 2019 with a strong gain of 19%. The first half the year was marked with uncertainty as the price after an early year surge to $1350 gave up all of it’s gains to drift lower to trade down on the year by early May. However, this was the calm before the bull market storm and that set the stage for a powerful bull run starting early June that saw the Gold price rocket higher to a early September peak of $1566, up over 25% on the year! This ignited Gold bug fever and encouraged prominent gold bugs to get carried away with headlines of Gold heading for $5000 and beyond.
Source: http://econintersect.com/pages/metals/metals.php?post=202001270218
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