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ABNAmro says Gold outlook is still positive but…   Recently ABNAmro Bank N V focused on gold price 2021. Gold prices started the year on a positive note until covid-19-related market panic and a global shortage of US dollars in March spoiled the party. Gold prices dropped substantially.   Afterwards they recovered. Between March and August gold prices rallied strongly, by 36%. They cleared the 2011 high and rallied to a high of USD 2,075 on 7 August 2020. The stars were aligned for higher gold prices. For a start, the Fed took measures to fight the dollar shortage and embarked on unlimited QE. Other central banks followed suit.  Moreover, governments announced enormous fiscal spending plans to support the economy. This all supported investor sentiment and investors sold the dollar as safe haven demand dissipated. Third, investors also realised that most currencies are unattractive given rock-bottom interest rates and this increased the appeal of gold. Fourth, investors were also co

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