Week Ahead Commodity Report: Gold Price Forecast (Video)
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Gold prices rose to a two-month peak of $1515 as uncertainty around the signing of the 'phase one' trade deal between the United States and China boosted safe-haven flows into the metal.
Bullion has gained 17% this year and is on track for its best year since 2010, owing to a protracted U.S.-China trade dispute and its impact on the global economy.
U.S.-China trade friction with many unsolved issues, Brexit by January end and U.S. election in November - all these uncertainties could lead to a further spike in gold prices in 2020.
Among other precious metals, silver climbed to $18.00 per ounce, after hitting its highest since Nov. 5.
Platinum advanced to $955, after touching its highest since Nov.4, while palladium rose to $1,877 up 3.5% for the month.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold, Silver and Crude Oil with the latest price forecast and predictions.
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