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Gold's Perfect Storm :: The Market Oracle ::


US Treasuries are as much sought-out by investors in a crisis or pending crisis, but lately, Treasuries have become much less popular as a means of storing wealth.
The reason is simple: T-bills don’t offer a good return, and neither do other sovereign debt instruments. Although US Treasury yields have been climbing, owing partly to expectations of inflation, in recent weeks this trend has reversed, amid renewed concerns about the pandemic.
On Tuesday, the World Health Organization warned that global infections were reaching their highest levels, prompting many fund managers to rotate money into safe-haven bonds. The yield on the 10-year Treasury slid to 1.5% while the 30-year yield was reduced to 2.26%.    ....

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Gold price rally of 2020 crushes analyst forecasts


Gold price rally of 2020 crushes analyst forecasts
(Image courtesy of PAMP)
Gold had a monumental 2020 as bullion soared to multiple record highs throughout the year amid the economic uncertainties brought by the covid-19 pandemic, which helped to cap off its best annual performance in a decade.
During the past calendar year, gold prices traded at an average of $1,769.59/oz, well exceeding what most analysts were forecasting in mid-January.
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According to the London Bullion Market Association’s (LBMA) annual precious metals forecast competition, analysts were forecasting the gold price to be $1,558.8/oz on average, an increase of 12% from the average price in 2019, but still short of the actual average price by over $200/oz. ....

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