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.
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:
