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Gold's 2021 drivers: Ballooning deficits, inflation and overvalued equities – WGC

From kitco.com

Gold will remain an attractive investment in 2021 due to ballooning budget deficits, inflation risks, and market corrections, according to the World Gold Council (WGC). The WGC's analysis suggested that gold's trading pattern might be "more subdued" this year but still remain very positive. More specifically, 2021 will see a mix of risk-on sentiment amid growing portfolio concerns. "Investors will likely see the low interest rate environment as an opportunity to add risk assets in the hope that economic recovery is on the immediate horizon. That said, investors will likely also be navigating potential portfolio risks ... (full story)

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  • Category: Fundamental Analysis