Degussa sees gold price rising to $2,500 by mid-2021 as central banks continue to print money

Degussa sees gold price rising to $2,500 by mid-2021 as central banks continue to print money

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( Kitco News ) – The gold market continues to hold on to critical support above $1,850 an ounce, but shifting investor sentiment following positive vaccine news in the last two weeks created significant pressure for the precious metal. However, one European precious metals firm does not expect a vaccine for the COVID-19 virus to significantly change the course of the global economy.

"No doubt, there is a great deal of uncertainty about the future course of the world’s economic and financial developments. However, it appears that the savvy investor has quite some reason to expect that interest rates will remain very low in the foreseeable future, simply because overall indebtedness has become too high. Central banks are […]

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