The world gold price has been in a downtrend since the beginning of 2021. In this regard, some analysts have changed their forecast for gold for the current year. In their opinion, the yellow precious metal will continue to be under pressure.
The World Gold Council (WGC) has published its 2020 gold market survey, which, among other things, deals with the demand for the yellow precious metal in Germany. It follows from it that last year the demand for gold in this country amounted to 163 tons f
China has a big impact on gold prices. The trade in the yellow precious metal in the Celestial Empire was legalized only by the 1990s. However, already in the early 2000s. the country was the leader in terms of demand for physical and paper gold.
Precious metals performed very well overall in 2020. They are likely to maintain their pricing dynamics in 2021 thanks to the efforts of the United States and other countries to switch from fossil fuels to renewable energy sources.