Gold Price Forecast 2021
Underlying Factors Key, Covid-19 to Stay in Focus Gold outlook 2021 and Gold Stocks to Watch! Recently Gold Investing News, INN has published the gold outlook 2021 as Gold Price Forecast and Gold Stocks to Watch! The report said the gold market saw a flurry of activity in 2020-while the yellow metal sunk to a seven month low in March; it later rocketed to an all-time high in August. After gold breached the US$2,060 per ounce mark, many believed it would continue to move higher. Its price has instead pulled back since August and was at around US$1,850 as of mid-December. As global markets reeled from the uncertainty caused by Covid-19 disruptions, risk aversion and safe haven buying fueled an overall 38 percent uptick for gold from its lowest to highest point in 2020. Vaccine news has weighed on prices since mid-November, but with mass vaccination in the US and Canada not anticipated until April at the earliest, Covid-19 is expected to add continued volatility well into 2021