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

Charles Stanley Direct: Explaining the gold spike

Charles Stanley Direct: Explaining the gold spike

Reaching a record high

Rob Morgan
clock 05 December 2023 • 4 min read
London Metal Exchange wins legal case against nickel trading suspension

London Metal Exchange wins legal case against nickel trading suspension

Brought by Elliot IM and Jane Street

Elliot Gulliver-Needham
clock 30 November 2023 • 1 min read
RBC Brewin Dolphin's Janet Mui: Energy price volatility is here to stay

RBC Brewin Dolphin's Janet Mui: Energy price volatility is here to stay

Energy price shocks

Janet Mui
clock 21 November 2023 • 4 min read
Trustpilot