Gold price may reach $1,900 - FORECAST

According to the Swiss UBS Investment Bank’s forecast, the gold price may reach $1,900 an ounce in the second half of 2020, Report informs, referring to foreign media. 

The Bank kept its forecast for the first half of 2021 unchanged at $1,800. 

“In the second half of 2020, the gold will remain the best investment tool against risks such as US elections, US-China tension, and the coronavirus pandemic. However, we expect a start of economic recovery in early 2021,” UBS analysts said.