Further upside for precious metals prices in 2021

Singapore Bullion Marketing Association/Nikos Kavalis

graphic of 2021 the year of gold?“Low rates and yields are typically positive for gold, as they minimise the opportunity cost of holding the zero-yielding metal. Moreover, given exceptionally low yields (or, in other words, high bond prices), the effectiveness of bonds as a hedge against market turmoil, and in particular equity market corrections, is hampered as it becomes harder to see yields fall much more. This forces investors towards other portfolio diversifiers, something that should continue to benefit gold.”

USAGOLD note:  London-based Metals Focus forecasts that gold will push toward the $2000 mark once again over the next few months then “reaching all time highs later in the year.  It also give a thumbs up to silver saying it will peak “in the high $30s before year end.”

Repost from 1-14-2021

This entry was posted in Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion. Bookmark the permalink.