Will Gold Prices Keep Rising?

Gold is the pre-eminent safe haven investment asset and had a strong run in 2019. But looking ahead, Morningstar analysts are less bullish

Holly Black 4 February, 2020 | 12:20AM

Gold bars

2019 saw a resurgence of demand for gold, and the price of the precious metal climbed nearly 20% in the third quarter of the year to about $1,550 per ounce. But will the upward trajectory continue, or will gold lose its lustre? Here we look at the outlook for the yellow metal in 5 charts.

Why Investors are Rushing to Gold

With the Federal Reserve cutting rates three times in the 2019, gold’s investment case has strengthened. From June to September 2019, gold rapidly rose about $250 per ounce to roughly $1,550 per ounce.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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