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July Gold News 2020


Gold price passes $1,800 milestone as deeper recessions are forecast

Gold price passes $1,800 milestone as deeper recessions are forecast

The price of gold passed the $1,800 mark this morning, peaking at $1,805.27 per ounce so far in today's trading. This is the highest gold has been since the middle of September 2011, and comes just one week since we reported gold first hitting a nine-year high.

Gold has gained between 16-18% in value so far this year, making it not only one of the best-performing assets but also putting it within $100 reach of the all-time record price.

Gold highest since 2011 as second-wave fears hinder economic recovery

Gold highest since 2011 as second-wave fears hinder economic recovery

The price of gold today hit $1,789.69 per ounce this morning – gold's highest value since late 2011 - as markets and economies alike continue to struggle to function in lockdown.

Price forecasts have been circulating with ever-more visibility in recent weeks, with UBS suggesting $1,800 per ounce by the end of 2020 – a figure that could be passed by the end of July with gold's current demand.

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