Baystreet.ca - This is Why Gold Could Rally to $2,500 in 2021
This is Why Gold Could Rally to $2,500 in 2021 Most of the issues that supported gold’s rally in 2020, are carrying over into the New Year. In fact, the metal could easily outperform again, especially with central banks saying they’ll keep rates low, and provide necessary liquidity. In addition, gold prices could rise further with more stimulus likely to weaken the U.S. dollar. Analysts at Citi for example have a $2,500 price target, comparing its catalysts to that of gold’s rally between 1970 and 1980. Not only could we see a weaker dollar, but inflationary risks, falling r...