Gold continued to trend above the 200-day moving average, closing the week at $1,840.00 per ounce. Gold prices have previously found support around $1,850.00 per ounce (see the following chart), which could indicate there is a buying opportunity here. Due to the negative economic impacts of the pandemic, investors have been attracted to gold as a safe haven, driving prices to all-time highs this year. As MarketWatch reports, “Many of these same reasons are expected to lift prices in the new year. “‘It is likely that the uncertainty of how the economy is going to recover and how fast and large the recovery will be, coupled with increasingly historical levels of fiscal and monetary stimulus, puts gold on the path of a bull run for several years,’ says Ed Moy, a former director of the U.S. Mint, who is currently chief strategist at gold seller Valaurum. … “‘Among the biggest unknowns for gold is the path and magnitude of the economic recovery, the effectiveness of a vaccine and treatments, whether the Federal Reserve can reduce liquidity enough to prevent inflation, and whether interest on the national debt will start crowding out other government expenditures,’ says Moy.” Rick Andrews is president of Avant Capital Management.