Gold will see its best 2020 quarter this spring, but prices will peak just below $1,700 an ounce, according to BNP Paribas. Even though the COVID-19 outbreak has forced BNP Paribas to revise up its 2020 gold price by nearly $100, it still sees the precious metal topping at $1,675 an ounce this year. The price forecast is quite conservative, with gold averaging $1,675 in Q2, $1,610 in Q3 and then declining further to $1,550 in Q4. And in 2021, BNP Paribas projects a mere average of $1,500 an ounce. “We have conservatively revised our positive gold price forecasts issued on 19 March, and now see gold averaging ... (full story)