Union sees average gold price at $1,870–1,900 per ounce in 2020

MOSCOW, Sep 8 (PRIME) -- The Union of Gold Producers of Russia expects the average gold price at U.S. $1,870–1,900 per ounce in 2020, which is around 35% higher than in 2019, Chairman of the union Sergei Kashuba told PRIME on Tuesday.

“I believe that the year 2020 will finish with an average gold price of around 1,870–1,900 per ounce,” he said.

The current gold price at the London Bullion Market Association (LBMA) is seen at $1,928–1,930 per ounce.

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