Published: 2021.01.18. Standard Chartered: gold is soon above $ 2000 again

Standard Chartered: gold is soon above $ 2000 again - Preview

According to the analyst, macroeconomic conditions, as before, still support the gold market. Therefore, she proceeds from the fact that in 2021 the cost of the yellow precious metal will again exceed the $ 2,000 mark per troy ounce. According to Cooper, a significant rise in the price of gold should occur in the first half of this year. According to the bank's forecast, it is in the first six months of the year that the US dollar will weaken, and the real profitability will remain in the negative zone. The US Federal Reserve will continue to pursue a soft monetary policy in order to stimulate the national economy. Mass vaccination in the world will gain momentum only in the second half of the year. All of these factors will support the rise in gold prices.