Gold Rate Trend 2021

Gold price forecast for april 2021.

Gold rate trend 2021. In 2021 gold prices could reach 2300 and perhaps as high as 3500 depending on geopolitical developments. From june to august gold gained around 400 an ounce so if a similar pattern forms a bullish but still optimistic gold price forecast 2021 could be 2 500. So this an early stage bull market in precious metals and our gold price forecast reflects a strong start in 2021.

They also state that we expect prices to rise sharply at some point in the future to new records significantly higher than 2 000. The average for the month 59 14. In the beginning price at 59 79 dollars.

High price 61 87 low 55 97. The average for the month 60 33. After a strong 2019 the gold price took a hit in march 2020 as global liquidity evaporated and real interest rates spiked.

The full year 2020 was a wild year for gold. In the beginning price at 61 93 dollars. Founder lyn alden investment strategy.

On a bullish track. Our 2021 forecast is strongly bullish with a big spike. However this valuation will likely mark a peak in the commodity s rally.

However the inevitable policy response of rate cuts massive qe and huge fiscal deficits quickly unwound that deflationary crunch and sent many risk assets soaring and gold was well positioned to ride that. The gold price forecast at the end of the month 59 79 change for april 3 5. Gold price forecast 2021.