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Cibc

[westside587]

Any opinions on this article?

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.

Ongoing news of potential vaccines to fight the coronavirus has recently boosted positive investor sentiment and weigh on gold, recently driving prices to a four-month low below $1,800; the precious as bounced off its recent lows but is still struggling to find renewed buying interest. December gold futures last traded at $1,807 an ounce.

[IgnacioCashmere]

The slow steady pace of real inflation is what has & will continue to push gold higher in USD. The big buyers, central banks, have paused, & some are even selling. That puts a temporary depression on POG. In the long run, gold must go higher, due to dollar devaluation. Government inflation, the imaginary inflation, is 0-1.5%. Real inflation is anywhere from 3.2-6%, every year, year after

[westside587]

Thanks for the response. I agree, the amount of money being printed is unreal and should bode well for Au. Have a great weekend. 

[60606060]

I think inflation will be stronger than ever as soon as people realize the incredible debt that has accumulated around the world. India's inflation has rocketed to 6% and their GDP has shrunk 10%. So, interest rates look fragile as more and more money will be borrowed to refinance debt by people and governments. Even a 1% rise will be hard to accept and GDP everywhere is falling. I'm glad