GOLD. Fundamental analysis 2021.
In March 2021, the US government announced the infusion of $ 1.5 trillion into the economy. The increase in money supply leads to an increase in interest in more profitable assets other than government securities.
The certainty of gold attracts even more investors. Gold itself is a "refuge" for investors during the devaluation of the currency.
✅Today, the capitalization of gold is 10.718 trillion dollars from 1687 dollars per ounce.
✅The price peak was in August 2020 and then the price reached 2022 dollars per ounce, ie the fall since August 2020 is 18%.
✅The decline was due to rising government bond yields and the growth of the stock market, which is now reaching new highs. (March 29, 2021 the Dow Jones index was 33252)
✅After the peaks, there may be a decline, which will further increase the demand for gold, and the increase in money supply will accelerate this process.
📈Therefore, gold analysts are positive in the long run.
The certainty of gold attracts even more investors. Gold itself is a "refuge" for investors during the devaluation of the currency.
✅Today, the capitalization of gold is 10.718 trillion dollars from 1687 dollars per ounce.
✅The price peak was in August 2020 and then the price reached 2022 dollars per ounce, ie the fall since August 2020 is 18%.
✅The decline was due to rising government bond yields and the growth of the stock market, which is now reaching new highs. (March 29, 2021 the Dow Jones index was 33252)
✅After the peaks, there may be a decline, which will further increase the demand for gold, and the increase in money supply will accelerate this process.
📈Therefore, gold analysts are positive in the long run.
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