Gold Price Prediction – Prices Consolidate Follow In Line CPI

Gold prices continued to consolidate on Wednesday after hitting resistance. The dollar gained traction as the 10-year yield retraced some of its recent gains. U.S. CPI rose in line with expectations, according to the Labor Department. The House of Representatives moved forward with a vote on the second impeachment of President Donald Trump.

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Chinese Gold Demand Still Going up – But Slowly

Gold Demand

Chinese Gold Demand Still Going up, But Slowly. This year SGE December withdrawals slightly exceeded those for December 2019, and indeed was the highest withdrawal month of the year, although it still fell slightly short of the December 2018 figure.

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The Emergency in Washington DC will be effective from Monday till January 24.

अमेरिका के राष्ट्रपति डोनाल्ड ट्रंप ने राजधानी में स्टेट ऑफ इमरजेंसी घोषित कर दी है. उन्होंने अपने समर्थकों की ओर से संभावित बवाल को देखते हुए ये घोषणा की. अगले सप्ताह जो बाइडेन को राष्ट्रपति पद की शपथ लेनी है.

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Copper and silver to Outperform Gold in 2021

Copper Prices

Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resourcessector. Investors brace for a new commodity supercycle in 2021 as globaleconomic recovery and reflation trades are set to play out strong. Industrial metals such as copper and silver are likely to outshine gold and crude oil prices.

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