InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

How Is 2020 Shaping Up For Trading Gold And Commodities?

How Is 2020 Shaping Up For Trading Gold And Commodities? | Business Blog

Anyone who trades in gold and commodities will know just how much difference a single year can make in the markets. The end of 2018 saw the price of gold finding it hard to break through the $1,300 per ounce barrier while precious metal mining companies found themselves equally in the doldrums. However, one year on and the story is very different. In August 2019, gold prices broke through that $1,500 per ounce barrier and several transformational mergers sparked an impressive run on various gold mining equities. It’s no wonder, then, that enthusiastic gold investors believe that their prospects are more positive than ever as we embark on 2020.

  • 2019’s Positive Factors Still In Place

The positive factors that were so instrumental in helping gold to perform brilliantly in 2019 remain, to some extent at least, in place for 2020, setting the scene for an impressive rally. Trade tensions, the volatile bond and stock market, geopolitical uncertainties like Brexit and possible cuts to the interest rate are all still relevant this year and could have a key role to play in the price of gold. If the economy hits growth bumps, if the major markets pull back or if there is a geopolitical situation, gold could become a highly sought-after insurance asset.

  • Central Banks Are Accumulating Gold

Another key factor is that, for the second year running, global central banks are accumulating gold. 2018 saw central banks purchasing around 650 tons of gold. Up to 2019’s third quarter, 550 tons had been purchased by central banks. If this continues for a third consecutive year, it could set the scene for some profitable trading in gold and commodities.

  • Merger Mania Set To Continue

Last year, we saw several mergers taking place in the gold and commodities market. It has now been predicted that this activity will continue into 2020 with small mining companies likely to merge with major companies in order to fill their development pipelines.
2019 saw over $30 billion worth of mergers in the gold market. The beginning of last year saw two of the world’s biggest gold producers (Barrick Gold. Corp and Newmont Mining Corp.) making acquisitions worth billions. The remainder of the year saw more deals and acquisitions, such as Detour Gold Corp’s acquisition by Kirkland Lake Gold Ltd – a deal worth over $4 billion.
Although it has been predicted that 2020’s deals won’t match those of 2019 in terms of dollar value, there could certainly be more deals overall. This is a theory that is underpinned by the belief that the price of gold will rise once more this year due to corporations and governments’ increasing debt load. With volatility in the market’s gold prices almost certainly set to continue on from 2019 well into 2020, it seems clear that investors have exciting times ahead.
Some would say that there has never been a better time to invest in the gold and commodities market, however, only time will tell whether this is the case.

Previous Post

It’s not Just a Number, Its Cancer!

Next Post

How IoT is Boosting the Fintech Industry to New Heights

Next Post
How IoT is Boosting the Fintech Industry to New Heights | IoT | Fintech | Business Magazine [ Business Blog ]

How IoT is Boosting the Fintech Industry to New Heights

Recent News

Northvolt, the VW and Goldman backed Battery maker Lands $1.1 Billion Funding
Recent News

Northvolt, the VW and Goldman backed Battery maker Lands $1.1 Billion Funding

Northvolt, a manufacturer of batteries for electric vehicles, has raised $1.1 billion in new funding from a variety of sources,...

Read more
“Minions: The Rise of Gru” Notches up $108 Million in Ticket Sales

“Minions: The Rise of Gru” Notches up $108 Million in Ticket Sales

Samsung Cloud Gaming Hub Features Xbox, Twitch, and many more Exciting Apps

Samsung Cloud Gaming Hub Features Xbox, Twitch, and many more Exciting Apps

Hyundai-Ioniq-6

Hyundai Unveils Design for Ioniq 6

Google-Earth-visual

Google Earth Observation Data Now Available Free for Companies and Governments

Path Breakers

Golden Helix: Providing Leading Genomic Data Analysis Software

Golden Helix: Providing Leading Genomic Data Analysis Software

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary Olson, CEO, GHO Group LLC

GHO Group LLC: Bringing Vision to Reality

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.