The research house says it has raised its average gold price forecast to US$1,850 an ounce in 2020, compared to US$1,680 an ounce previously.
After gold prices hit an all-time high of US$2,075.47 ($2,843.61) an ounce on Aug 7, Fitch Solutions reckons the precious yellow metal could trade at an average level not too far off from that going forward.
Gold is currently trading at about US$1,950.24 an ounce.
