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

UBS AM launches carbon credit ETC

UBS AM launches carbon credit ETC

0.75% TER

Sorin-Andrei Dojan
clock 03 June 2024 • 1 min read
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
Trustpilot