Singapore: Gold’s impressive advance in 2019 – aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying – may be set to spill into the new decade.
As 2020 looms, BlackRock Inc, the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman Sachs Group Inc and UBS Group AG see prices climbing to US$1,600 an ounce – a level last seen in 2013.
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