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Gold prices to remain steady through year’s end, says research

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Gold will not drop below the $2,000 (£1,548) mark before the end of 2020, economics research specialist Capital Economics has forecast.

This comes after gold prices hit record highs this past summer, topping the previously unprecedented $2,000-an-ounce mark and then continuing to climb higher.

Now, gold prices have dropped slightly since then but Capital Economics predicts that they will remain above the $2,000 milestone through the year’s end.

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It even said that there is potential for growth to $2,100-an-ounce (£1,626) and beyond.

As other markets see their worst year since 2008/09, investment in gold has remained strong.

This has caused a number of unusual trends in the jewellery market, as jewellers begin to recommend consumers opt for platinum over white gold.

Read more on this trend below:

Platinum now “far better value” than gold, says jeweller

Tags : GoldGold pricegold pricesplatinum
Sam Lewis

The author Sam Lewis

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