{"id":56519,"date":"2021-01-26T17:47:07","date_gmt":"2021-01-26T22:47:07","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56519"},"modified":"2021-01-26T17:47:07","modified_gmt":"2021-01-26T22:47:07","slug":"stonex-gold-to-maintain-high-prices-on-inflation-slow-recovery-low-yields","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56519","title":{"rendered":"StoneX: Gold to \u201cMaintain High Prices\u201d on Inflation, Slow Recovery, Low Yields"},"content":{"rendered":"
\n
\n
\n

StoneX: Gold to \u201cMaintain High Prices\u201d on Inflation, Slow Recovery, Low Yields<\/a><\/h3>\n<\/div>\n<\/div>\n<\/section>\n
\n
\"StoneX:<\/p>\n
Reuters\/Michael Dalder \u00a9 Reuters<\/span><\/div>\n<\/div>\n

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: StoneX\u2019s bullish outlook for gold in 2021, low interest rates to support gold for years to come, and a rare gold coin fetches $9.36 million at Texas auction.<\/p>\n

StoneX: Expect gold to trend up for at least another six months<\/strong><\/p>\n

In their outlook for 2021, commodities and foreign exchange trader\u00a0StoneX<\/a>\u00a0said that\u00a0gold should continue trending upwards throughout the first half of 2021<\/a>\u00a0on the back of numerous powerful drivers. These include economic risks and uncertainty as well as geopolitical turmoil, both domestic and international.<\/p>\n

As the firm noted, last year saw\u00a0precious metals emerge as the best-performing commodity<\/a>\u00a0group with a 27% rise year-on-year. Silver and gold supported each other\u2019s prices as investors looked for a hedge amid conditions that seem to have very much poured over into the new year. In particular, StoneX sees additional stimulus by global central banks and the accompanying\u00a0rise in inflation<\/a>\u00a0expectations as prominent vehicles for an extension of the bull run.<\/p>\n

\u201cThe United States, the European Central Bank, and the Bank of Japan have all been active with combined asset growth of over $7 trillion last year. With Congress\u2019 approval of a $900 billion virus relief package in the United States (tied to the $1.3 trillion government funding program) there is more liquidity coming; Europe may follow suit, while Japan is looking to extend support for the corporate sector,\u201d explained the firm.<\/p>\n

More than inflation on its own, StoneX noted that its effect on real rates will continue driving\u00a0money managers to utilize gold as a hedge<\/a>, especially due to the threat of a stock market correction…<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

StoneX: Gold to \u201cMaintain High Prices\u201d on Inflation, Slow Recovery, Low Yields Reuters\/Michael Dalder \u00a9 Reuters This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: StoneX\u2019s bullish outlook for gold in 2021, low interest rates to support gold for years to come, and a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18769,374,3622,426,431,647,30865],"class_list":["post-56519","post","type-post","status-publish","format-standard","hentry","category-economics","tag-birch-gold-group","tag-gold","tag-gold-price","tag-inflation","tag-interest-rates","tag-precious-metals","tag-stonex"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56519"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56519\/revisions"}],"predecessor-version":[{"id":56520,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56519\/revisions\/56520"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}