On medium- to long-term, gold performance in 2021 will be indirectly proportional to dollar, US & COVID-19 vaccines "Actual" performances.
Medium term, we say dollar index breaking out of the ascending trendline that has held the price since 2011 and now in search of . This could indicate a further fall in dollar. Couple with US minting of USD. This will continue to de-evaluate dollar, increase and as a result gold will continue to do well.
If COVID vaccines becomes more effective as many people are administered with the vaccines, then this will likely affect gold in negative way. However, a fall below the Pfizer ( ) and Moderna ( MRNA ) benchmark of 95% will see gold price rally upward to an unprecedented level in the nearest future.
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