Gold Flat; Price Could Hit $1,550/oz in 2020: Commerzbank
Wednesday, 11 December 2019 08:28 WIB | PRECIOUS METALS |EMASGOLD

Gold prices are flat in early Asian trade before the Fed's interest rate decision later in the day.

Gold prices could rise to $1,550/oz next year mainly because the low or negative interest rates in the global economy are expected to stay thanks to the expansionary monetary policies pursued by major central banks, Commerzbank says.

Gold prices could also get support from the unresolved U.S.-Chinese trade conflict and other potential political risks, the German bank says. Spot gold is flat at $1,464.63/oz.

Source : Boomberg

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