Gold Investors See Challenges Ahead After Glittery 2020
Price gains could moderate if coronavirus vaccines help drive a strong economic recovery in new year
Gold wrapped up its best annual performance in years. What comes next hinges on a handful of unpredictable dynamics, ranging from the strength of the global economic recovery to the health of the U.S. dollar.
Most-actively traded gold futures for February delivery ended Thursday’s session at $1,895.1 a troy ounce, finishing the year up more than 24% — its best year since 2010. That also outperforms the S&P 500, which gained 16% in 2020. Front-month futures settled Thursday at $1,893.1.
After soaring earlier in the year, gold prices have retreated from a record of $2,069.50 an ounce reached in August, dragged down by signs of improvement in the global…
