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World Bank sees dreary gold prices, silver and platinum to outperform in 2021

From kitco.com

The gold market's dismal start to 2021 could be just the beginning of a longer-term downtrend as the World Bank forecasts lower prices for 2021 and 2022. In its April commodity report, the international financial institution said that it expects gold prices to average this year around $1,700 an ounce. Analysts expect average gold prices to fall to $1,600 in 2022. The World Bank's gold outlook comes as prices struggle to find enough bullish momentum to push through $1,800 an ounce. June gold futures last traded at $1,787.50 an ounce, up 1% on the day. Gold's lackluster performance so far this year is even more ... (full story)

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  • Category: Fundamental Analysis