Gold 1Q 2021 Forecast: Gold Outlook Bullish Headed into First Quarter, with Caveats

Gold 1Q 2021 Forecast: Gold Outlook Bullish Headed into First Quarter, with Caveats
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Gold Price 1Q’20 Forecast Overview:
While the 1Q’21 gold price outlook is bullish, there are some caveats – mainly, that gold may not be the best performing metal, precious or otherwise.
Silver prices have a recent historical precedent to suggest that they are likely to lead gold prices for the foreseeable future.
Technical outlook is bullish as well.
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What started with a bang is now ending with a whimper. After a meteoric rise in gold prices through the first three quarters of 2020 (gaining +24.3% from January 1 through September 30), gold prices cooled off in 4Q’20, having lost around -1% at the time this forecast was written in December 2020.

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