Investors will keep the gold market strong in 2021

The outbreak of the coronavirus epidemic was spread from China has affected a wide range of commodity markets. As a result, fuel oil prices have plummeted. However, the price of gold has increased. At this time the demand for gold has also increased. However, it is not in the practical stage. Rather the demand for gold for investment has increased. That trend will continue next year. As a result, investors will be the main players in keeping the gold market strong next year as well. This is stated in a report by Refinitive Econ, a financial institution that provides global market and infrastructural information. News Reuters.

According to a recent report by Refinitive Metal Research, a market research institute, the demand for gold in the jewelery sector and central banks in 2021 will be much lower than in the previous period. However, the gold market will remain strong at this time due to record stocks on the part of investors.

Sunbd/NJ/4:47/10.26.2020