Inflation could run above the Federal Reserve’s 2% target by as early as April, said Joe Foster, portfolio manager of the VanEck International Investors Gold Fund, and a highly inflationary environment will be the main catalyst behind gold price breaching its previous all-time highs to reach above $3,000 an ounce.
Outlook 20212020 was an unprecedented year as investors had to navigate the economic-crippling COVID-19 pandemic and massive fiscal and monetary stimulus measures that have followed as a result. 2020 saw gold prices rise to new all-time highs above $2,000. For many analysts the 2020 rally is just the start of a much bigger move for precious metals. The world now has to deal with the massive liquidity flowing through markets; in this environment investors are expected to turn to assets to protect against global currency debasement. We expect that 2021 will be the year investors Brace for Inflation.
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