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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

The New Year will prove to be quite bullish for precious metals: ABC   To summarise this week’s global market fundamentals, Gold traded up to within a dollar of the ‘distinct’ resistance level mentioned in last Friday’s report before fading slightly.   The rally has been helped by the passage of the much-discussed stimulus bill by US Congress with US$900 billion going to Coronavirus relief and US$1.40 trillion for government funding through to September 2021. Precious metals moved higher since the announcement with Silver and Gold up 5% and 2% respectively.   The Dollar Index (DXY) is making a small comeback this week. There is good support around the 88.25 level, and DXY longs have been gently accumulating in the previous week, perhaps willing to take the view that the recent drop is overdone. If the DXY recovery continues, this could be a head-wind for gold movement so stay tuned as this situation unfolds.  The five-year forward Inflation expectations have moved to almost two