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$2,000 Gold Possible in 2020 - 1st American Reserve sees as a big possibility

Posted by 1st American Reserve on

Gold closed the first half of 2020 up 17.9% vs. a 9.6% decline for the Dow and -4.0% for the S&P 500, giving gold about a 22% to 27% advantage over blue-chip U.S. stocks so far this year. Gold has also surpassed $1,780 for the first time since October of 2012. The spring months are generally weak for gold, but gold’s performance in the second quarter of 2020 was +8.8%, matching its second quarter gain last year. In 2019, gold gained 18.5% for the full year – its best year since 2010 – and gold’s performance in the first half is just shy of its full-year 2019 gain, so a 12% gain to $2,000 gold by year-end is possible.


 

 

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