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Growing Number of Analysts See Gold Prices Rising 11.5% in 2021
- FinancialNewsMedia.com News Commentary
PALM BEACH, Fla, April 21, 2021 /PRNewswire/ The pandemic has put Gold in play… again. Every world crisis the lustrous metal surges as a safe haven. Well, with vaccines being administered worldwide, the question is Which way will gold go in 2021? There are an unnumerable amount of articles, studies and experts all over the globe, each with his or her take, but there IS one such global expert with a pretty good record over time. and they are bullish about gold in 2021. At the beginning of each year the London Bullion Market Association (LBMA) polls a range of respected precious metals analysts in the large banks and independent consultancies for their forecasts for metal prices for the coming year. Historically, the LBMA forecast has been quite accurate. The forecast for 2021 says that: According to the consensus outlook from analysts entering today s precious metals price
Will the Scarcity of Gold Lead to Positive Gains Over Next 10 Years
FinancialNewsMedia.com News Commentary
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PALM BEACH, Fla., April 7, 2021 /PRNewswire/ Gold is one of the most well established and mature markets around when it comes to investable assets. It has been an important commodity in the past, and it has its major uses in electronics and jewelry, but as a market, it is often seen as a great safe haven for a number of reasons. Because gold has been seen as a valuable asset for thousands of years, it has always been desired and in demand, but it is in more recent history that the market has grown to be what it is today, and what it is today is a rather mature and stable market. The fact that gold works as a safe haven asset, one that often moves in anti-correlation to the traditional markets, means that the commodity is a great hedge against financial troubles, but it is also an asset that has shown steady and solid growth in value