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Gold tipped to challenge $US2000, silver doubles – The Australian Financial Review
Strong fundamentals against a backdrop of COVID-19 mean gold and silver are widely expected to continue their ascent in 2020, after gold topped US$1906 an ounce on Monday.
Mr Hynes argued a weaker US dollar and reset expectations that a global recession will last longer than anticipated had fuelled gold’s latest leg higher.
“There was some caution around whether these monetary easing programs would continue indefinitely if economies reopened,” said Mr Hynes. “I think the market has realised this is an issue that will persist for some time and governments are going all out to buffer their economies from it.”
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James Stewart, a resources portfolio manage…
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