Outlook for gold - "gold’s story is not yet over"

Outlook for gold – “gold’s story is not yet over”

A client note via RBC on the metal, the bank sees factors still prevalent to support the price ahead:

While we may have seen a reset of sorts in gold’s valuation, its path is not predetermined as we barrel towards 2021 While the market seems to have priced in a new normal for now, prices remain elevated beyond where many macro drivers would imply on their own, as uncertainty still pervades.

even putting the risk of a viral resurgence aside, an effective vaccine will take time to distribute, the economy will take time to recover, and prolonged political uncertainty remains a worry.

While investor flows as measured by ETF flows have levelled out for the most part, we believe that there is still a clear appreciation for gold amid all the uncertainty that still persists. Thus, while the "light at the end of the tunnel" may […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet