According to the expert, the financial aid program was not adopted before the US elections. This is one of the reasons why the gold market has seen some cooling and lack of enthusiasm among investors.
However, he is confident that the overall situation is favorable for precious precious metals in the long term. With a high degree of probability, one can be sure that the Central Banks will continue a soft monetary policy to support the economies of their countries. This will be a supporting factor for gold and silver.
Metals Focus predicts one ounce of gold will cost $ 2,100 in the third and fourth quarters of 2021. Peaks of $ 2,300 or even $ 2,400 cannot be ruled out. Thus, next year the gold price will set new historical records. At the moment, the record price is $ 2096.
As for silver, this precious metal may exceed the yield of gold in percentage terms. Silver will be trading near the $ 30 / oz mark next year.