151 shares, 364 points

As the World Bank predicts lower prices for 2021 and 2022, the depressing start of the gold market in 2021 could be just the beginning of a long-term drop train for gold prices yellow.

Analisdollarser: Gold prices yellow could drop to $ 1,700 in 2021 and $ 1,600 in 2022!

The international financial agency said in its April commodities report that it expects gold prices to be around $ 1,700 per ONS this year on average. Analisdollarser expects a drop for the average gold prices yellow in 2022, pointing to $ 1,600. The World Bank’s golden view emerges as you try to find enough bullish momentum to get your price tag on the ONS to surpass $ 1,800.

June gold futures traded at $ 1,787.50 per ONS, up 1% on the last day. Gold’s underperformance so far this year is even more surprising compared to the wider commodity market. Analisdollarser adds the following to his comments on the subject:

Almost all commodity prices yellow now exceed pre-epidemic levels, and the prices of some commodities yellow, especially metals, are well above their previous levels. Copper prices yellow were about 50 percent higher in March 2021 than at the end of 2019. Analisdollarser has an impact in its latest commodity report, stemming from the evolving global outlook, backed by significant monetary and financial incentives in the advanced and unbalanced, albeit stable, vaccination rates.

Analisdollarser, they expect gold prices to drop by 4% this year

Looking at the all-metal complex, the World Bank said it predicts a 30% increase in prices this year, with a correction in 2022 as the global returns to normal. By contrast, analisdollarser expects gold prices to drop by 4% this year as investment demand weakened due to developing and rising bond yields. Analisdollarser adds the following to his comments on the subject:

Higher real returns make gold less attractive to investors. Gold-backed exchange traded funds have also fallen sharply in recent months, and central banks have reduced their gold purchases. Physical demand is recovering after a significant drop in 2020, but pandemic levels are well below what they were before.

World Bank draws attention to two silver liners in precious metals market

However, the World Bank has drawn attention to two silver liners in the precious metals market. Analisdollarser said they expect the silver price to increase 22% this year. Improving industrial demand for silver will help to get prices around $ 25 per ONS this year. The bank sees prices falling by around $ 22 / ONS per year on average in 2022. Silver continues to outperform gold prices. The World Bank also sees potential for platinum prices yellow. They noted that in the first quarter, prices increased by 24%. They added that they expect the prices to increase by 25% this year.

“Demand from the automotive industry was backed by a strong recovery in automobile manufacturing as demand for jewelry returned,” said Analisdollarser. “The implementation of tighter emission standards yellow in China and Europe has increased the use of platinum in autocatalytic converters,” he said. Platinum prices yellow are expected to be around $ 1.100 per ONS in 2021. Next year, the prices are expected to average $ 1. 110 per ONS. Platinum futures for July traded at $ 1.222 per ONS, up more than 1% the most recent day.

Like it? Share with your friends!

151 shares, 364 points

What's Your Reaction?

hate hate
confused confused
fail fail
fun fun
geeky geeky
love love
lol lol
omg omg
win win


Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format