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DRIVERS OF THE SHANGHAI/LONDON GOLD PRICE DISCOUNT AND OUTLOOK FOR 2021 The COVID-19 pandemic has had a significant impact on China’s gold market, leading to a 27% y-o-y drop in the nation’s gold demand in 2020. One consequence of such weakness was the widest Shanghai/London spot gold...
Read press releaseGold Outlook 2021 in a Nutshell 2021 will be a bullish year for the yellow metal, although the enormous hike in 2020 (24,6% per ounce in US Dollars and 14,4% per ounce on Euros, both the biggest hikes since 2010) may not be repeated this year. Governments are printing (now called “monetary...
Read press releaseGOLD OUTLOOK 2021 The precious metals market has seen a volatile start to 2021 as gold is down about 5% from its highs at the start of January. The yellow metal has struggled to find consistent bullish momentum as it tests resistance around its 200-day moving average. However, it is expected...
Read press releaseSilver Expected to Gain in 2021 After a 47% surge in 2020, silver is poised to continue its momentum this year. Most investment analysts and banks’ commodity traders expect silver to trade above $30 an ounce on average. Silver started last year at $18. The white metal dropped below $12...
Read press release2021 OUTLOOK FOR GOLD Low interest rates and recovery of economy - set the tone The COVID-19 pandemic raised uncertainty by mixing existing risks and creating new ones. However, investors were optimistic that the worse was over by the end of last year. Looking ahead, investors will...
Read press releaseGold is ready to shine with a “precious” year ahead! Excess monetary and fiscal support worldwide creates an excellent backdrop for Gold prices to move higher. The excess monetary easing needed to mop up the large proportion of government debt, is probably creating a bigger financial...
Read press releaseGermany’s Untapped Gold Demand May Send Prices Higher Gold has been an important part of Germany’s history for more than a millennium. The nation has a long history that involves gold, and it is widely owned among wealthy investors in the nation. Today, Germany has become one of the biggest...
Read press releaseCentral banks continuous appetite in gold purchase According to the World Gold Council’s Q3 Gold Demand Trends report, global official gold reserves rose by 22.8t on a net basis. Q3 2020 was the first quarter of net sales since Q4 2010, mostly as a result of the hefty sales from Uzbekistan and...
Read press release2021 Could be the Best Year for Gold in Modern History 2020 has been one of the best years for gold as it reached its all-time high during a year when there was tremendous volatility in financial markets. All the pieces seem to be in place for 2020’s gold bull run to continue in 2021, as...
Read press releaseU.S. gold futures beginning to overcome coronavirus shock LONDON (Reuters) - Falling costs to roll forward U.S. gold futures contracts suggest the market is moving closer to normal trading after turmoil caused by COVID-19 raised investors’ overheads, curbed activity and funnelled massive...
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