Price of Gold in 2021 - $2300I'm starting to accumulate both gold and silver stocks. I think we have some strong upside for them both, and Columbia has become a very active country for both. Silver is very attractive.
In its 2021 outlook, analysts at CIBC said that they see gold prices averaging the year around $2,300 an ounce as the world continues to deal with the devastating economic fallout of the COVID-19 pandemic.
"Covid-19 only served to accelerate our 'lower for longer' rates outlook, which was the foundation of our bullish gold call at the beginning of 2020. The global pandemic turned the world upside down economically, with governments quickly injecting stimulus to stave off corporate and personal bankruptcies," said Anita Soni, author of CIBC's gold outlook.