Sunday, January 24, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Silver Foreign Silver Coins

Rebound in global economy will weigh on gold and silver prices in 2020 – Capital Economics

Gold Investment Experts by Gold Investment Experts
in Foreign Silver Coins
2 min read
0
Rebound in global economy will weigh on gold and silver prices in 2020 – Capital Economics
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Rebound in global economy will weigh on gold and silver prices in 2020 - Capital Economics 1

(Kitco News) – The gold market is attracting renewed investor curiosity as costs push to their highest degree in seven years; nevertheless, one agency will not be satisfied that the rally can final.

In a report printed Wednesday, Alexander Kozul-Wright, commodity economist at Capital Economics, mentioned that though gold and silver costs may proceed to push increased within the near-term, a restoration within the international financial system is predicted to weigh on the dear metals by the top of 2020.

Kozul-Wright, reaffirmed the U.Okay. analysis agency’s forecast for gold costs to fall to $1,400 by the top of the 12 months. Capital Financial’s forecast for gold represents a decline of roughly 14% from present ranges. April gold futures final traded at $1,622.70 an oz., up 0.68% on the day. 

“If the epidemic may be contained, we preserve {that a} rebound in international financial development (as a result of lagged results of synchronised financial loosening in 2019) will scale back safe-haven demand and decrease costs for each metals,” he mentioned within the report.

Capital Economics’ outlook is comparatively in step with the Federal Reserve — the central financial institution sounded comparatively optimistic in its January financial coverage assembly minutes.

“Individuals typically noticed the distribution of dangers to the outlook for financial exercise as considerably extra favorable than on the earlier assembly, though quite a few draw back dangers remained distinguished,” the minutes mentioned.

The analyst additionally mentioned that U.S. Treasury yields are anticipated to transfer increased and out of damaging territory as development prospects enhance.

Kozul-Wright, added that mushy jewellery demand in China and India will weigh on costs later within the 12 months.

Though nonetheless bearish on silver, the U.Okay. agency is barely extra optimistic.  Kozul-Wright reiterated Capital Economics’ name for silver costs to finish the 12 months at $16.50 an oz.. The analysis agency’s forecast represents a decline of 10% from present costs; March silver futures final traded at $18.35 an oz., up 0.21% on the day.

Kozul-Wright mentioned that he’s barely extra optimistic on silver as a restoration within the international financial system ought to help industrial demand for the valuable metallic.

“We anticipate {that a} gradual pick-up in international development will profit silver demand greater than gold, owing to silver’s stronger value correlation with the enterprise cycle,” he mentioned. “This is especially true in client electronics, which account for one quarter of silver’s end-use.


Disclaimer: The views expressed on this article are these of the creator and will not replicate these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of knowledge supplied; nevertheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It isn’t a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from using this publication.

Related posts

US Mint sets limits on gold, silver coins sales

US Mint sets limits on gold, silver coins sales

Gold, silver see price advances ahead of U.S. elections

Gold, silver see price advances ahead of U.S. elections



Source link

Previous Post

Gold prices pop to 7-yr. high on safe-haven, chart-based buying

Next Post

Gold Price Hits 7-Year High With More Gains Expected

Next Post
Gold Price Hits 7-Year High With More Gains Expected

Gold Price Hits 7-Year High With More Gains Expected

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Gold SWOT: a banner year for gold bullion and gold mining stocks

Gold SWOT: a banner year for gold bullion and gold mining stocks

Silver Enamel Market Report 2019 – Global Industry Analysis, Trends, Market Size and Forecasts up to 2026 – The NyseNasdaqLive News

Silver Enamel Market Report 2019 – Global Industry Analysis, Trends, Market Size and Forecasts up to 2026 – The NyseNasdaqLive News

Selling inherited or gifted gold? You should know the tax rules

Selling inherited or gifted gold? You should know the tax rules

Gold’s coronavirus rally expected to continue as pandemic persists, poll shows

Gold’s coronavirus rally expected to continue as pandemic persists, poll shows

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    11 shares
    Share 4 Tweet 3
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Palladium Surges above $2,400. Is It Sustainable?

    3 shares
    Share 1 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    3 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    2 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • Japan Jewellery Market Size 2021 Analysis, Growth, Vendors, Drivers, Challenges With Forecast To 2027 – NeighborWebSJ
  • Jewellery Market Size 2021 Analysis, Growth, Vendors, Drivers, Challenges With Forecast To 2027 – NeighborWebSJ

Recent News

Gold Jewelry Market Size 2021 Analysis, Growth, Vendors, Drivers, Challenges With Forecast To 2027 – NeighborWebSJ

Japan Jewellery Market Size 2021 Analysis, Growth, Vendors, Drivers, Challenges With Forecast To 2027 – NeighborWebSJ

Gold Jewelry Market Size 2021 Analysis, Growth, Vendors, Drivers, Challenges With Forecast To 2027 – NeighborWebSJ

Jewellery Market Size 2021 Analysis, Growth, Vendors, Drivers, Challenges With Forecast To 2027 – NeighborWebSJ

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.