Through this date Dow Stocks are about flat for 2020, Gold is up 27.19% while the U.S. Dollar has lost 4.12% of its value.
All markets have been extremely volatile year and there’s no guarantee these numbers won’t be bouncing in the year ahead. But, as COVID-19 continues to weigh heavily on the U.S. economy, it’s strongly in our opinion that these trends will continue.
An interesting note is that the U.S. Dollar lost 4% of its value which drove Gold prices up over 27%. Even if the Dollar only declines 2% in the coming year, I believe Gold will rise more than 10%.
However, with the unknowns of the economy, Covid 19, and the Presidential election— Stocks could go into shock and fall 15% in a few days and Gold rise an equal amount.
Who knows? It’s a crazy world.
