Gold price forecast for 2020: Double digit gains expected

Value Walk/Michelle Jones

London Bullion Market Association sun-moon logo“Independent analyst Ross Norman is the most bullish of all the analysts who turned in their gold price forecasts for 2020 to the LBMA. He set his low price at $1,520 an ounce, his high price at $2,080, and his average price at $1,755. The most bearish gold price forecast for 2020 comes from Bernard Dahdah of Natixis. He set his low price at $1,300 and his high price at $1,450. His average price stands at $1,398 an ounce.”

USAGOLD note:  The London Bullion Market Association’s consensus for 2019 was bullish and that turned out to be a good call.  It is calling for a repeat performance in 2020.

Repost from 2-10-2020

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