Despite the liquidity flooding the financial markets, inflation outlook in major economies remains subdued and major central banks voiced their
commitment to keeping their policies extremely loose until they see a
convincing increase in price pressures. This suggests that investors
will not give up on gold in the near future.To get more news about
WikiFX, you can visit wikifx official website.
On the other hand, a return to normality with mass COVID-19
vaccinations could make risk-sensitive assets more attractive,
especially in the second half of 2021, and dampen the demand for the
yellow metal.
Overall, gold outlook remains bullish with the rate of increase in prices softening when compared to 2020.
