A Recap of Major 2021 Gold Stories and What to Expect This Year
The performance of gold was less than expected last year after a record-breaking performance in 2020. The metal’s performance was heavily influenced by the hawkish stance the U.S. Federal Reserve held, which decreased the appeal of the metal and created a high interest rate environment. A signal for economic recovery and the arrival of coronavirus vaccines also tilted the market toward high-risk investments, with the promise of high return on other assets attracting even more investors. This didn’t help the metal’s appeal, causing it to make its first annual loss in three years. Despite gold’s slightly underwhelming performance, some advancements…
