How high will gold prices go in 2020? [Video]

Phil Carr The Gold & Silver Club

Gold has been on an incredible bull-run throughout the first half of 2020, with the precious metal surging over 17%, so far this year.

On Tuesday, Gold soared to its highest in 8 years as a resurgence of coronavirus cases globally – put the precious metal firmly on track for its biggest quarterly gain since March 2016.

While gold prices have been boosted by the economic damage caused by the pandemic, there is little doubt that the primary catalyst behind the metals unstoppable bull-run is the Federal Reserve and other central banks around the world printing money at unprecedented levels.

As we head into the second half of 2020, the price action across the precious metals complex continues to resemble the trend last seen during the Global Finance Crisis.

If history is anything to go by, then the stage is almost certainty set for gold prices to soar further and reach new record highs in the months ahead.

Author

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

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