Trade war frictions and easier monetary policy across economies pushed gold this year. Geopolitical and economic risks are likely to factor in 2020 too.
Gold consumption is forecast to drop to the lower end of a 700 to 750 ton range this year, the lowest since 2016, as a surge in prices coupled with a weak economy keeps buyers away.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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