Fat Prophets > Australasian Equities > Special Report – Gold

Special Report – Gold

October 27, 2020 FAT-AUS-981

Gold hits a new record

It was only a month ago that we upgraded our end of year price target for gold to a price range of US$1,925 to US$2,000 an ounce from our previous target range of US$1,625 to US$1,675 an ounce. The gold price at the time of writing in June was trading around US$1,780 an ounce. The gold price in recent trading hit a new record at circa US$1,970 an ounce to compress six months of price action into one month. The following chart shows the long-term US gold price:

Source: Trading Economics


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