Gold and Silver Updates


Strategists at OCBC Financial institution see preliminary hesitation in bullish gold conviction in Q1 as vaccine developments proceed to speed up however anticipate the yellow metallic to commerce above $2,000 from Q2 onwards as markets divert their consideration in direction of extra liquidity in a world that’s on its strategy to being inoculated from the virus.

Key quotes

“Gold ought to profit from the sustained fiscal and financial help in main economies subsequent 12 months, particularly throughout the US and EU.” 

“Whereas rising threat sentiment might show to be an early headwind for gold’s attract as a safe-haven asset, the triple mixture of a weak greenback, low yields and rising inflation expectations ought to proceed to drive gold greater.” 

“We anticipate gold to proceed rising by the 12 months and commerce above $2,000/oz from Q2 by This autumn 2021.”



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