Gold: All I want is 2020 vision

Recent sharp movements are 'rare'

clock • 4 min read

In 2019, gold gained 18.3% in US dollars and 13.3% in sterling. Meanwhile, two of the top-three performing funds of 2019 were gold focused: Charteris Gold and Precious Metals +52%, and Rutter Gold +44.4%.

A strong past performance, but what are the prospects for the coming year? In the first few days of 2020, the gold price was already on the move. By 6 January, the LBMA Gold Price jumped 3.7% reflecting the assassination of the Iranian General Qasem Soleimani and driven by those many investors who see gold as a financial defence against geopolitical turmoil. Beta clockers: Investing outside of physical gold Two days later the price topped out at $1,582.85 per troy ounce, a gain, as the media reported, of more than 4% in only the first five days of trading (although still more than ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

Tabula IM launches first ESG-focused physical gold ETC

Tabula IM launches first ESG-focused physical gold ETC

Focus on transparency of sources

Eve Maddock-Jones
clock 22 April 2024 • 2 min read
Deep Dive: Copper supply squeeze offers potential for gold-busting returns

Deep Dive: Copper supply squeeze offers potential for gold-busting returns

‘Significantly more attractive’

clock 05 April 2024 • 4 min read
Four Graphs explaining silver

Four Graphs explaining silver

Four experts write

Investment Week
clock 28 March 2024 • 2 min read
Trustpilot