Commercial traders accelerated their schedule with a closing gold price of 1619.63 on February 21, 2020. Based on the current engrbytrade gold model structure estimate, gold is on a trajectory to rise rapidly in 2021 resulting in a peak that is projected to reach $4,600 by the first quarter of 2022. This accelerated pace indicates Commercial Traders will drive prices exponentially higher as time progresses and the peak projected in 2022 will need to move higher. As of February 22, 2020, the gold price points shown below are expected in 2020. Adjustments will be made as needed to align with Commercial Trader activity and increasing volatility.
$1720 : April 23, 2020
$1630 : May 11, 2020
$1830 : August, 12, 2020
$1600 : September 21, 2020
$1890 : December 31, 2020