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PALM BEACH, Fla, April 15, 2021 /PRNewswire/ Experts are saying that after a record year, gold is bound to see more gains in the medium and long-term. Gold performed well in the pandemic. The biggest drivers that will support gold as the world reopens include sovereign and private sector debts, deficits, and ultra-loose monetary policies. Governments around the world will struggle to reverse the fiscal policies introduced as a response to the pandemic, said the CPM Group, citing lackluster economic growth in coming years. In an article by Kitco News, discussing CPM s Gold Yearbook, said that: The pandemic has changed the world, making some of the existing problems even worse and setting gold up to benefit… While the pandemic will eventually pass, it has left the world changed and has in fact compounded and worsened some of the factors that are supportive of gold prices, the CPM Group said. This scenario positions gold well for further
Why Wall Street Bankers Are Still Optimistic on Gold In 2021
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Why Wall Street Bankers Are Still Optimistic on Gold In 2021
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Why Wall Street Bankers Are Still Optimistic on Gold In 2021
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Experts Hinting Gold May Be Entering A Bull Market That Could Last Over A Decade
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PALM BEACH, Fla., March 3, 2021 /PRNewswire/ One of the big topics for the gold mining corporations in 2021 has been the prospect of mergers and acquisitions. Analysts predict another round of consolidation for the industry in 2021, although they aren t looking for mega-mergers. Instead, they expect to see a continuation of the trend in 2020 that brought a larger number of smaller deals. In a recent report, Bank of America (BofA) analyst Michael Jalonen and team said they believe the pressure to replace reserves that have been mined will be one of the big drivers for mergers and acquisitions this year. They noted that gold reserves have been falling since 2012, while gold output has remained stable. The report in Investor Place said that: The BofA team doesn t expect to see mega-mergers in the mining space this year. Ins