Economics
Gold’s Been on a Tear This Year and 2020 May See More Reward
- Bullion has benefited from trade war, rate cuts and ETF buying
- ‘Banks continue to lean toward accommodation,’ BlackRock says
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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 Inc., the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman Sachs Group Inc. and UBS Group AG see prices climbing to $1,600 an ounce -- a level last seen in 2013.