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Analysts Indicating Gold & Silver Still Have A Lot Of Upside After A Record Year FinancialNewsMedia.com News Commentary PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ 2020 can be remembered as anything but a stable year for the markets. With rising political and economic uncertainty, gold has become a go-to asset for many investors looking to reduce the risks and diversify their portfolios. But the question now is: after setting fresh records this year, will gold prices go up past $2,000 per ounce once again any time soon? A recent article in Capital.com answered that question in a positive manner It said: The gold market dipped in early June only to break through and reach all-time highs later this summer. On August 6, the metal hit $2,070 per ounce, soaring 35 per cent since the start of 2020 and 40 per cent from the March lows. The growth was driven by the weakening US dollar and a number of significant geopolitical and economic events on the global arena, such as th ....
While Gold has Surged During the Pandemic, Bulls Still Predicting Surge to $2,300/oz in 2021 - FinancialNewsMedia.com News Commentary Share this article Share this article PALM BEACH, Fla., Jan. 21, 2021 /PRNewswire/ During periods of crisis, gold has proven to be a time-honored safe-haven asset. Scarcity and built-in utility have made the yellow metal a sought after commodity throughout recorded human history. Whether in physical or paper form, gold bullion is the world s go to financial hedge against uncertainty. Gold s validity as a financial safe-haven underwent a formidable test during the pandemic of 2020. Traders, investors, central banks and individuals took an active stance toward bullion on a global scale. The results were consistent pricing volatility and confirmation of gold s undeniable intrinsic value. As the international economic system ground to a halt, gold experienced extreme market turbulence on its way to near all-time high valuations. Throu ....