Gold: All I want is 2020 vision

Recent sharp movements are 'rare'

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 ...