- Analytics
- News and Tools
- Market News
- Gold to soar above $2,000 through 2021 - OCBC
Gold to soar above $2,000 through 2021 - OCBC
FXStreet reports that strategists at OCBC Bank expect the yellow metal to trade above $2,000 from Q2 onwards as markets divert their attention towards excess liquidity in a world that is on its way to being inoculated from the virus.
“While rising risk sentiment may prove to be an early headwind for gold’s allure as a safe-haven asset, the triple combination of a weak dollar, low yields and rising inflation expectations should continue to drive gold higher.”
“We expect gold to continue rising through the year and trade above $2,000/oz from Q2 through Q4 2021.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
