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Today's news: there are still reasons for the rise of gold prices in 2021
Due to the decline of the US dollar, ultra-low interest rate expectations, inflation and other market structural bull market factors still exist, most analysts around the world predict that gold prices will continue to rise in 2021, or even hit a record high
After that, the trend will gradually stabilize with the application and popularization of new coronavirus vaccine

Driven by low interest rates, the economic rescue plan, the weakening of the US dollar and several major geopolitical and economic events, gold prices rose rapidly in 2020 and rose to an all-time high of US $2070 per ounce on August 6

NBC financial channel believes that the bull market factor leading to the rise of gold prices in 2020 will continue for at least 12 to 15 months
Citibank predicts that the price of gold will rise to $2400 an ounce within six to 12 months
ANZ predicts that gold will rise to $2300 by the end of 2021
Goldman Sachs set the gold target price at $2300 per ounce in 2021; HSBC believes that gold will remain strong in the first half of 2021, and then the trend tends to ease

Uncertainty about economic recovery and market concerns about inflation will remain the main factors supporting gold prices in 2021
Market analysts believe that with the number of new coronavirus infections continuing to increase in most countries around the world, there is great uncertainty about the speed and depth of the recent economic recovery
The main way for governments to deal with the epidemic is to implement unprecedented fiscal and monetary stimulus measures
The sharp increase in money supply makes it difficult for the market to eliminate concerns about inflation

The continued weakness of the US dollar is another important factor supporting gold prices
The US dollar began to fall in 2020
By the end of November, the US dollar index fell to its lowest point since April 2018, with a decline of more than 4%
On average, traders predict that the dollar will fall another 3% from its current level by the end of 2021

The continued recovery of retail demand for gold in developing countries will also drive the rise of gold prices in 2021
Goldman Sachs analysts believe that China and India's demand for gold has shown signs of normalization
At the same time, after the newly elected US President Biden takes office, the US foreign tariff risk rate will decline, which will promote the appreciation of currencies in emerging market countries and enhance the purchasing power of consumers in these countries

The growing * problem also supports the price of gold
At present, the global * burden is as high as US $272 trillion
In addition, geopolitics and the effectiveness of the new crown vaccine will also affect the trend of gold prices in 2021