UGL - Analysts Are Too Cautious On The 2020 Gold Outlook
The topic of gold's year-ahead outlook has been the subject of some fairly contentious debates lately. A high-profile precious metal forecast for 2020 has been recently released, and while opinions on what price levels gold will ultimately reach this year vary sharply from analyst to analyst, there's a consensus that gold will end up just slightly above current levels (around $1,560/ounce). In this report, I'll make the case that gold will likely exceed analysts' expectations in 2020 based on the strong supporting influence of central banks and the continuation of geopolitical uncertainties.
Industry analysts are