The gold - price forecast for 2020
How will gold behave with a likely dollar reversal and a stock market decline? It would be logical to expect his downfall too. But we believe that any decline in gold prices will be short-term and shallow: there are political events on the horizon that bring enormous uncertainty into the future. This particularly applies to the US presidential election on November 3, 2020.
How will gold behave with a likely dollar reversal and a stock market decline? It would be logical to expect his downfall too. But we believe that any decline in gold prices will be short-term and shallow: there are political events on the horizon that bring enormous uncertainty into the future. This particularly affects the US presidential election on November 3, 2020.
However, the peculiarity of these elections is that whoever emerged victorious in the presidential race does NOT recognize the second side of defeat.
This means that at least until the end of 2020 we will NOT know who will be the president of the most powerful country in the next 4 years. This means that the entire US domestic and international political agenda will be thrown into CHAOS. Political uncertainty is immediately translated into volatility on the markets.
“Given these conditions, NO deep or sustained correction in the gold market is expected.”
