Published: 2019.11.27. Morgan Stanley: Gold above $ 1,500 an ounce in 2020

Morgan Stanley: Gold above $ 1,500 an ounce in 2020 - Preview

According to Newsmax, the American bank Morgan Stanley predicts continued growth in gold prices in the next 2020, and the US stock market, on the contrary, may show a weakening.

The bank believes that the dollar will decline against the backdrop of economic growth in other countries. According to the forecast of the investment bank, the average price of gold in the next 2020 will be $ 1,511 per ounce. In this case, the precious metal will be traded near the mark of $ 1,500.