The financial services company, TD Securities has revised its gold price forecast up, with its predictions now showing gold is on course for $1700 by the fourth quarter of the year. There is also the very real possibility that we’ll see $1800 according to the firm’s analysts.

In a briefing, TD Securities said its revised forecast had been driven by the impact of the coronavirus and corresponding monetary policy changes. It said, “Since TDS sees two 25-bps [25-basis-points] Fed funds cuts, one in March followed by another in April, as an insurance against the negative effects of the coronavirus outbreak, we have upgraded our gold forecast and see the yellow metal to average $1,700/oz in Q4-2020, with a high likely north of $1,800/oz.”

This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge