empty
08.01.2021 03:08 PM
What 2021 has in store for precious metals market

This image is no longer relevant

On January 6, the United States witnessed the drama unfolding in the Capitol Building as pro-Trump rioters stormed the building. Consequently, gold advanced to $1.957 per ounce.

Later, however, the quotes dropped to $1.913 per ounce. Nevertheless, the Congress affirmed Joe Biden's victory after the end of the attack.

Analysts suggested that gold would hit $2.000 per ounce by the end of 2020. However, gold was below $1,900, causing worry among analysts. At the moment, the price of gold is slowly growing amid geopolitical instability and a decrease in the US dollar index. Today, many investors prefer to take profit at any rate increase.

However, gold may not depend on political factors for a while, as Twitter, Facebook, and Instagram blocked Trump, who added fuel to the fire, from accessing his page.

Analysts believe that rising inflation and problems with the global economic recovery will be the driving force of the gold price. According to the International Monetary Fund, the authorities poured $12 trillion into the global financial markets in 2020 to support the economy hit by the pandemic.

Experts also suggest that the Biden administration will continue to provide generous economic stimulus, automatically increasing inflation. Most likely, this will happen along with the economic recovery in the second half of 2021.

According to the World Bank, the global economy is likely to rise by just 4% in 2021 after a 4.3% plunge last year. This forecast is based on the assumption that an initial COVID-19 vaccine rollout will become widespread throughout the year. However, some countries have reintroduced strict quarantine restrictions due to the rapid spread of the virus. Consequently, gold may reach $2.500 per ounce in the second half of the year amid rising inflation and a slow economic recovery.

On top of that, analysts from Metals Focus believe that silver in 2021 will show the best price dynamics compared to other precious metals. This is due to the fact that silver is an industrial metal. The US Alternative Energy Development Support Program will also contribute to the silver market's growth.

The coronavirus crisis has forced many investors to buy precious metals to protect their savings. As a result of the high demand in the market, a shortage of precious metals grew. By the end of 2020, gold increased by 20%, while silver spiked by 47%.

Analysts also believe that one should not count on a quick global economic recovery. Investors will not risk their capital. Therefore, they will continue to invest in precious metals. Experts believe that the demand for silver this year will exceed, regardless of the economic situation. Silver is used in the production of solar panels and electric vehicles, driving the price of the metal higher.

At the end of 2020, silver ETFs rose by 300 million ounces. The last time such demand was observed many years ago. Clearly, 2020 was a phenomenal year for silver. According to experts, it may climb to $40 in 2021. Today, silver is trading at $26,53 per ounce.

This image is no longer relevant

Kate Smirnova,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

7月28日美國市場新聞摘要

美國股市指數收盤普遍上揚,其中標普500指數和納斯達克100指數在美國與歐盟達成新的貿易協定後創下歷史新高,此協定改善了美國企業的前景。 然而,通脹依然是可能影響經濟增長和企業盈利的重要變數。

Ekaterina Kiseleva 12:34 2025-07-28 UTC+2

期待已久的休戰與巨頭收益:本週金融市場有哪些看點?

全球股市指數在本周初均迎來顯著漲幅,歐元也取得了明顯進展。在美國與歐盟的貿易談判取得突破後,市場情緒持續向好,這為美聯儲和日本央行即將召開的關鍵會議提供了明朗預期。

Thomas Frank 11:20 2025-07-28 UTC+2

比特幣的未來可預測嗎?比特幣在乏味交易中呈現低波動性的特徵

根據一些加密貨幣分析師的看法,全球首個加密貨幣的未來顯得可以預測,甚至有些乏味。專家認為,比特幣在交易所交易基金(ETF)的使用未必給它帶來任何好處。

Larisa Kolesnikova 10:40 2025-07-28 UTC+2

華爾街緊張:特朗普訪問聯邦儲備局、UnitedHealth 調查、標普和納斯達克上升

週四的交易以S&P 500和納斯達克的創紀錄收盤作為結束。投資者的樂觀情緒受到Alphabet強勁收益的推動,進而增加了對其他與人工智慧開發相關的頂尖科技公司的興趣。

12:05 2025-07-25 UTC+2

7月25日美國市場新聞摘要

美國股市基準指數當日漲跌不一:S&P 500 指數和納斯達克指數小幅上漲,而道瓊斯指數小幅下跌。 由於對美聯儲貨幣政策走向的不確定性,投資者情緒依舊謹慎。

Ekaterina Kiseleva 11:56 2025-07-25 UTC+2

華爾街緊繃:特朗普訪問美聯儲,UnitedHealth調查,標普和納斯達克增長

週四交易結束時,S&P 500 和 Nasdaq 指數均創下歷史新高,Alphabet 的亮眼業績激發了投資者對人工智慧驅動的科技巨頭股票的熱情。然而,電動車製造商 Tesla 因公布的數據未能讓投資者感到安心,其股價則下滑。

Thomas Frank 11:06 2025-07-25 UTC+2

美國始終零關稅,總統擁有大量比特幣。7月24-25日交易日曆

以他一貫的風格,Donald Trump 宣稱達成了所謂的“史上最偉大的貿易協議”,聲稱印尼和日本首次向美國商業開放市場。根據他的說法,美國公司將“大賺一筆”,而他據稱準備好“永遠放棄關稅,如果這些國家同意向美國開放市場”。

Svetlana Radchenko 12:09 2025-07-24 UTC+2

比特幣可能下跌。BTC交易者可能會遇到價格陷阱

目前,加密市場正面臨一些動盪,儘管許多分析師預計情況會更糟。他們警告交易員注意比特幣行為中的潛在價格陷阱,擔心可能出現大幅下跌。

Larisa Kolesnikova 12:05 2025-07-24 UTC+2

7月24日美國市場新聞摘要

美國經濟不斷展現出韌性,促進了對企業收益的樂觀情緒。 投資者對強勁業績抱有希望,尤其是來自 "Magnificent Seven" 的公司,同時強調關稅和與其他國家貿易關係的重要性。

Ekaterina Kiseleva 11:52 2025-07-24 UTC+2

市場趨勢變化:Thermo Fisher 股價上漲,Texas Instruments 股價下跌

對日本汽車的關稅已從27.5%降至15%。Thermo Fisher的股價大幅上漲,超出華爾街的預期。

11:09 2025-07-24 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.