Gold Price OutlookGold prices inched up over the past month, likely stoked by safe-haven demand due in part to the coronavirus. On 14 February, gold closed the trading day at USD 1,582 per troy ounce, which was 2.5% higher than on the same day of the previous month. Moreover, the price was up 4.0% on a year-to-date basis and was 20.7% higher than on the same day last year. Safe-haven demand appeared robust in recent weeks, providing support to prices. This was in part due to the coronavirus outbreak in China, which has paralyzed the world’s second-largest economy and promises to have a knock-on effect on global growth this year. That said, the evolution of the virus and extent of the economic fallout are still hard to determine. Other factors, such as high equity valuations and low global interest rates, likely further aided demand and prices.
Gold Price History Data (USD per troy ounce, aop)
bet360备用网址Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Gold Historical Price Chart
bet360备用网址Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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