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Gold Forecast for 2021
What could happen to gold in 2021? Gold forecast and analysis
Another good start of the year for gold
As already it happened in 2015 and in 2016, the yellow metal shows some bullish seasonality in the first weeks of the year.
A two-face year for the yellow metal
Gold price reached in the summer a 28-month high above $1,370, before surprising investors with a strong bearish rally which pushed prices below $1,200.
The Dax is overtaking November 2015 high
We said couple of weeks ago “The DAX is waiting for a direction”. The direction arrived in the first few days of December, with a strong positive impulse
The Cable falls below 1.24
The big excape from Gold
Gold is still suffering after the Federal Reserve increased the officials interest rates last Wednesday and reached a new 10-month-low at $1,122.
Glossary
AUD
It is the currency code for the Australian Dollar
EUR
It is the currency code for the Euro. Its symbol is €.
CAD
It is the currency code for Canadian Dollar