Gold’s impressive advance in 2019 – aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying – may be set to spill into the new decade.
As 2020 looms, BlackRock, the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman Sachs Group and UBS Group see prices climbing to $1 600/oz – a level last seen in 2013.