After falling below $1200 per ounce in 2018, gold rebounded sharply over the next 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The COVID-19 pandemic increased the popularity of the precious metal as a hedging instrument, which has led to an increase in its price.
In January 2021, the price of gold fell due to the Biden administration’s $1.9 trillion coronavirus relief package. The price of gold would fall every time the US government announced anti-coronavirus programs and plans. In March 2021, the price declined due to economic recovery, which was possible thanks to vaccinations. In March, the price was $1,696.25, which was even lower than in January. At the beginning of June, the price went up to $1.896.60 – back to January’s figures – but failed to maintain this level and fell to $1,755.45 due to the changes in the US dollar rate.
In this article, we’ll look into historical data, see what experts have to say, and make a gold price forecast and prediction for 2021 and some years ahead.
After falling below $1200 per ounce in 2018, gold rebounded sharply over the next 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The COVID-19 pandemic increased the popularity of the precious metal as a hedging instrument, which has led to an increase in its price.
In January 2021, the price of gold fell due to the Biden administration’s $1.9 trillion coronavirus relief package. The price of gold would fall every time the US government announced anti-coronavirus programs and plans. In March 2021, the price declined due to economic recovery, which was possible thanks to vaccinations. In March, the price was $1,696.25, which was even lower than in January. At the beginning of June, the price went up to $1.896.60 – back to January’s figures – but failed to maintain this level and fell to $1,755.45 due to the changes in the US dollar rate.
In this article, we’ll look into historical data, see what experts have to say, and make a gold price forecast and prediction for 2021 and some years ahead.
After falling below $1200 per ounce in 2018, gold rebounded sharply over the next 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The COVID-19 pandemic increased the popularity of the precious metal as a hedging instrument, which has led to an increase in its price.
In January 2021, the price of gold fell due to the Biden administration’s $1.9 trillion coronavirus relief package. The price of gold would fall every time the US government announced anti-coronavirus programs and plans. In March 2021, the price declined due to economic recovery, which was possible thanks to vaccinations. In March, the price was $1,696.25, which was even lower than in January. At the beginning of June, the price went up to $1.896.60 – back to January’s figures – but failed to maintain this level and fell to $1,755.45 due to the changes in the US dollar rate.
In this article, we’ll look into historical data, see what experts have to say, and make a gold price forecast and prediction for 2021 and some years ahead.
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