Growing Number of Analysts See Gold Prices Rising 11.5% in 2021
- FinancialNewsMedia.com News Commentary
PALM BEACH, Fla, April 21, 2021 /PRNewswire/ The pandemic has put Gold in play… again. Every world crisis the lustrous metal surges as a safe haven. Well, with vaccines being administered worldwide, the question is Which way will gold go in 2021? There are an unnumerable amount of articles, studies and experts all over the globe, each with his or her take, but there IS one such global expert with a pretty good record over time. and they are bullish about gold in 2021. At the beginning of each year the London Bullion Market Association (LBMA) polls a range of respected precious metals analysts in the large banks and independent consultancies for their forecasts for metal prices for the coming year. Historically, the LBMA forecast has been quite accurate. The forecast for 2021 says that: According to the consensus outlook from analysts entering today s precious metals price
Experts Believe Copper Demand Likely To Remain Strong Well Into 2021
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Experts Believe Copper Demand Likely To Remain Strong Well Into 2021
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Gold Prices Continue to Trend Higher on Several Factors
FinancialBuzz.com News Commentary
NEW YORK, April 16, 2021 /PRNewswire/ Gold prices continued to rise on Thursday, as the June Gold futures had their biggest daily gain since March. Gold prices reacted to the U.S. bond yields pull back and increasing U.S. tensions with China and Russia, which emphasizes the status of the yellow metal as a safe haven asset. According to a report by Kitco, a weaker U.S. dollar index and a rally in crude oil futures this week are also helping to push the gold and silver markets. In addition, even though there is a gradual easing of all the restrictions and businesses are slowly starting to reopen, the actual economic repercussions from the current pandemic and measures taken to combat it are still unclear, and this factor is also taken into consideration for gold value. Exploits Discovery Corp. (CSE: NFLD) (OTC: RNRRF), New Gold Inc. (NYSE: NGD), Agnico Eagle Mines Limited (NYSE: AEM), Sandsto
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FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., April 14, 2021 /PRNewswire/ Last year was a great year for gold… and experts expect more of the same in 2021 and beyond. Experts say the factors why it gained were: risk, rates and momentum. Gold was one of the best performing major assets of 2020 driven by a combination of: high risk; low interest rates; and positive price momentum - especially during late spring and summer. An article
in Gold.org said that Economic recovery and low interest rates set the tone. The article said: The COVID-19 pandemic raised uncertainty by compounding existing risks and creating new ones. But by the end of last year, investors were optimistic that the worst was over. Looking ahead, we believe that investors will likely see the low interest rate environment as an opportunity to add risk assets in the hope that economic recovery is on the immediate horizon. That said, investors will likely also be navigating potential portfolio risks