Gold will average less than $2,000 dollars an ounce next year, a Reuters poll showed, as a record-breaking rally slows, although prices are still expected to touch new highs. Gold hit an all-time peak of $2,072.50 an ounce in August from around $1,300 in mid-2019, its fastest rally since the aftermath of the financial crisis a decade ago. The rally was driven by central banks responding to economic slowdown and the new coronavirus by cutting interest rates and pumping money into markets, which boosted gold by lowering returns on bonds and raising the threat of inflation. …read more
Source:: Yahoo Finance
