Shiny future ahead? Economic recovery optimism slashes safe-haven gold boom

What does 2021 have in store for the precious metal?

clock • 3 min read

They say that not everything that shines is golden, as this has certainly been borne out by the recent trends in the global financial markets.

After all, the value of the safe haven asset gold has fallen by a hefty 7% since Pfizer-BioNTech announced the development and successful trials of its coronavirus vaccine, the world's economy begins to rebound and businesses look forward to the restoration of relative normality. In this post, we will appraise the price movement of gold in recent times, while asking what the future will hold for this popular safe haven asset. The rise and fall of gold in 2020  It will come as no surprise that the value of gold soared during the first six months of 2020, as investors rush to market t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

First Eagle Investments' Max Belmont: Gold as a strategic portfolio asset

First Eagle Investments' Max Belmont: Gold as a strategic portfolio asset

'Potential hedge for investors'

Max Belmont
clock 23 October 2024 • 3 min read
HL's Derren Nathan: Oil and gold prices have spiked as Middle East tensions reach boiling point

HL's Derren Nathan: Oil and gold prices have spiked as Middle East tensions reach boiling point

'$100 mark not out of the question'

Derren Nathan
clock 04 October 2024 • 4 min read
UBS AM launches carbon credit ETC

UBS AM launches carbon credit ETC

0.75% TER

Sorin-Andrei Dojan
clock 03 June 2024 • 1 min read
Trustpilot