Gold prices remained above the key $1,900 level on Wednesday as more economic pain expected from renewed coronavirus outbreaks worldwide boosted bullion's safe-haven appeal. The United States, Russia and France are setting records for COVID-19 infections, forcing some countries to impose new restrictions. Still, gold prices have been in a tight range this week as fears of a contested presidential election and stimulus uncertainty tempered bullish sentiment.
Historically, Gold reached an all time high of 2074.88 in August of 2020. Gold - data, forecasts, historical chart - was last updated on October of 2020.
Gold is expected to trade at 1872.53 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 1767.74 in 12 months time.