Natixis downgrades price outlook for 2020 as gold starts losing glitter

Signs of a thaw in the US-China trade spat and prospects of an improvement in US economic growth have taken a toll on the metal, which has lost nearly $100 an ounce to trade at $1,456 today

Cracks have started showing up in the bullion market following the sustained decline in gold prices, with Natixis downgrading the outlook for the next year. The metal shed as much as 3.72 per cent in the international market this month, which is the largest single-month fall after November 2016, when gold lost 8.14 per cent, according to Bloomberg data.

Signs of a thaw in the US-China trade spat and prospects of an  improvement in US economic growth have taken a toll on gold, which has lost nearly $100 an ounce to trade at $1,456 today.

Bernard Dahdah, Senior Commodities Analyst,