Affected by the epidemic, the price of gold has soared since mid-March 2020, even reaching a record high of $2,075 per ounce. Until today, the international gold price fell again, suppressed by the rebound of US dollar index and US bond yield, and the gold price still fell to $65,438 +0.886.
Trend of gold change
Of course, from the current situation, it is unlikely that the price of gold will plummet, because the two factors affecting the price of gold have been basically stable. One is the dust settled in the US election, and the other is the successful vaccine research in COVID-19.
Most forecasters are optimistic about the current gold market. Under the current economic development, basic politicians and bankers will basically not allow the economy to collapse. It is predicted that the trend of gold will continue to rise in the next five years. The probability is very high.
On the contrary, due to the current economic recovery and unstable national conditions in the United States, the promulgation of the next round of fiscal stimulus bill is a high probability event. At this time, as long as gold can provide some support, it is more likely that gold 202 1 will rise sharply in the second half of the year.
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