Gold prices will rise by almost 10%, which is what Goldman Sachs analysts expect in 2020. The target of the large investment bank is the level of $1,600 per ounce.
Among the main drivers are political uncertainty, as well as a drop in risk appetite among investors due to the U.S.-China trade war. Against this background, gold will act as a protective asset.
Recall that since the beginning of 2019, the value of the precious metal has grown by more than 14%
Assets | Summary | |
Gold | Long-term purchases |
Risk warning:
The information provided does not constitute a recommendation
to carry out transactions. When using this information, you are solely responsible for your decisions
and assume all risks associated with the financial result of such transactions.
Related posts
500,000 Electric Cars in a Suburb of Berlin
The German newspaper Bild spoke about the plans of Elon Musk’s company to produce half a million electric cars a year at the new plant.
Olymp Trade, 12/12/2019
666
1 min read
News, Trends, & Analytics 01.10.2019
October 1 may be “hot” in Hong Kong. Is Beijing ready for the violent suppression of protests?
Olymp Trade, 01/10/2019
1004
3 min read
News, Trends, & Analytics 30.07.2019
After a three-month break, trade negotiations between China and the United States have resumed. No one expects quick results.
Olymp Trade, 30/07/2019
1042
2 min read
News, Trends, & Analytics 30.06.2020
Many companies have halted social media advertising on Facebook because the social network is accused of proliferation of hate.
Olymp Trade, 30/06/2020
709
2 min read
Weekly News 16.03.2020–20.03.2020
Introducing the most complete review of the upcoming week from analysts Olymp Trade. It included both the news of the economic calendar and the world events that in one way or...
Olymp Trade, 16/03/2020
1708
2 min read
News, Trend, & Analytics 19.01.2021
The Euro zone’s central bank has a new stimulus plan.
Olymp Trade, 19/01/2021
661
2 min read
Editor's Picks
The Olymp Trade platform changes
128569
1 min read
Olymp Trade Login and Registration
75708
3 min read
Camels, Horses, Gold, & Stocks
42017
3 min read
Top 10 Techniques for Successful Trading on Olymp Trade
38140
9 min read
User Account Inactivity Fee
18526
2 min read
Olymp Trade Apps Give Clients 4 Ways to Trade
21652
4 min read