# 2020 Forecast: The Big Picture Backdrop for Precious Metals | Investing.com

> Money Metals' 2020 forecast argues the US economy is not heading into recession, citing strong employment and 2.1% GDP growth as of Q3 2019. It sees a possible late-cycle bull market in commodities, including metals, and notes that the yield curve inversion may not signal a recession until 2021 or later.

- Date: 2020-01-01 · published 2020-01-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/55003-2020-forecast-the-big-picture-backdrop-for-precious-metals-investing-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A continued expansion supports industrial and energy demand, but this is a precious-metals outlook with no direct effect on feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-12-15 | [6 Reasons For The Dollar Slump \| Investing.com](https://feedsoft.ai/events/67393-6-reasons-for-the-dollar-slump-investing-com.md) | -0.2% | -2.5% |
| DXY | 2018-02-07 | [Precious Metals: The dollar giveth, the dollar taketh away \| snaps \| ING THINK](https://feedsoft.ai/events/66408-precious-metals-the-dollar-giveth-the-dollar-taketh-away-snaps-ing-think.md) | +0.2% | +0.7% |
| DXY | 2026-07-31 | [Dollar falls over 1% for July as U.S. data, Fed paint a muddy picture on inflation By Investing.com](https://feedsoft.ai/events/8420-dollar-falls-over-1-for-july-as-u-s-data-fed-paint-a-muddy-picture-on-inflation.md) | -0.1% | -1.1% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2017-10-30 | [Trading The FOMC Interest Rate Decision, November 1, 2017 \| Investing.com](https://feedsoft.ai/events/68660-trading-the-fomc-interest-rate-decision-november-1-2017-investing-com.md) | -0.2% | -1.6% |

## Sources

- investing.com: https://www.investing.com/analysis/2020-forecast-the-big-picture-backdrop-for-precious-metals-200495753

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.