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Our Gold Price Forecast for 2020 and 2021. Let’s start with the conclusions of our gold price forecast for 2020 and 2021: gold is a new bull market. Based on the long term charts which show gold’s dominant patterns we expect this new bull market to continue for several years. In this article, we will discuss what the gold price forecast for 2020 and beyond looks like. Gold performance in 2019. For the past few years, gold has been an unloved asset class. However, now the charts are showing that that is finally about to change. The World Bank predicts the price of gold to increase to $1,470/oz in 2020 from an average of $1,360/oz in 2019. In the next 10 years, the gold price is expected to decrease to reach $1,300/oz by 2030. In the first month of 2020, gold prices averaged $1,561/oz, 5.5 percent up from December. The key factor that is fuelling the demand for the yellow metal is a high level of uncertainty observed

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