After falling below $1200 per ounce in 2018, gold rebounded sharply over the next 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The COVID-19 pandemic increased the popularity of the precious metal as a hedging instrument, which has led to an increase in its price. In this article, we'll look into historical data, see what experts have to say, and make a gold price forecast and prediction for 2021 and some years ahead.
A Recent History of Gold
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