Gold closed 0.4% higher to $1724.7 to book on Friday its second monthly gain, as escalating tensions between the US and China prompted investors to look for safety on Friday. Still, prices declined 0.2% in the week. The August gold contract was up US$23.40 at US$1,751.70 an ounce.
Historically, Gold reached an all time high of 1920.30 in September of 2011. Gold - data, forecasts, historical chart - was last updated on May of 2020.
Gold is expected to trade at 1691.93 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1597.24 in 12 months time.