Analysts at Thomson Reuters GFMS are waiting for an increase in the price of gold to $1,292 per ounce. The GFMS survey notes that economic uncertainty and a slowdown in US GDP growth will cause an increase in precious metal prices. The average cost of an ounce of gold in 2018 was $1,268.41, calculated by the London Bullion Market Association (LBMA). Analysts predict growth in 2019 to $1311.71 per ounce, warning that the price will fluctuate. Possible spread will be $325 per ounce. There is no exact figure, but the cost of the metal during the year will take values in the range from $1,150 to $1,475, analysts say.
Gold prices move closer to $1,800 as COVID-19 cases surpasses 10 million worldwide24.06.2020
Gold prices soar amid surge in COVID-19 cases23.06.2020
Gold prices dip after White House clarifies trade deal mixup22.06.2020
Gold prices rise amid rising COVID-19 cases and Hong Kong national security laws announcement