Precious metals performed very well overall in 2020. They are likely to maintain their pricing dynamics in 2021 thanks to the efforts of the United States and other countries to switch from fossil fuels to renewable energy sources.
Gold rose over 25% over the past 2020, the best result since 2010. The growth in the money supply thanks to financial assistance due to the pandemic contributed to the rise in prices for the yellow precious metal. The M1 money supply in the US economy grew 66% year on year. Last year was the fifth positive year in a row for precious metals. Over the past 15 years, gold has risen 80% of the time - an amazing result for an investment asset.