Written by Sam Laakso from Voima Insight.
In early January, I published an article (in Finnish) in a local financial newspaper where I articulated why gold would rise to $1800 per ounce during the first half of the year – a rise of 20 percent in just six months. As it turns out, gold did just that on the last day of June meaning that in the end my estimation was correct.
Although more volatile than expected, gold price in New York reached my target of $1800 per ounce during the first half of 2020 on the very last day. It has hit records against all other currencies.
So, what is my forecast for gold for the rest of 2020? How high can gold go this year?