Gold prices pulled back from a one-week high to trade lower on Tuesday, but the metal remains well supported by increasing tensions between Washington and Beijing and protests in the United States over racism. US President Donald Trump pledged to use force to end civil unrest around the country as states try to reopen the economy from the coronavirus pandemic.
Historically, Gold reached an all time high of 1920.30 in September of 2011. Gold - data, forecasts, historical chart - was last updated on June of 2020.
Gold is expected to trade at 1707.63 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 1612.06 in 12 months time.