Gold Price Outlook for Rest of 2021
In 2020, the gold price increased from $1,479 to $1,858, marking a 25.6% growth year over year. The gold price maintained its momentum in most of 2021 but is now facing headwind as the economy recovers from the pandemic and the US Fed is tapering…
Gold To Average at $1475 an Ounce in 2020
In its 2020 Commodities Outlook, ING forecast that gold price will average at $1475 an ounce in 2020. Period 4Q19 1Q20 2Q20 3Q20 4Q20 Gold (US$/oz) 1,500 1,500 1,470 1,470 1,480 Source: ING 2020 Commodities Outlook The gold average price at $1475 an ounce in…
Gold Prices Retreat as US Dollar Rises
Gold prices are slightly lower in early US trading on Tuesday. With the US dollar hitting a three week high, gold was feeling the pressure moving down to $1,398 an ounce or at $44,959 per kilo. The US dollar received a recent boost from stronger…