by Andrey Dashkov
For once, mainstream headlines are telling the truth. The gold price has been setting new records this week. It hit an all-time high of $1,961.05 per ounce on Tuesday.
As of writing, gold is up 33% year-to-date. It has completely recovered from the COVID-19 drop in March. And it kept growing as the world kept struggling with the pandemic.
[…] I believe that the price of gold could easily go to $2,200 per ounce by the end of 2020.
As I’ll show you below, with the post-COVID economic recovery still on shaky ground, gold will continue rising.
Plus, it’s important to remember that the current price level is a record in nominal terms, but not in inflation-adjusted terms.