Gold is set to end 2021 the same way it spent much of the year: little movement and tottering along somewhere in the vicinity of $1,800 an ounce.
This represents a sharp contrast to 2020, when the economic turbulence of the covid-19 pandemic drove the metal’s price to record levels as investors sought safe haven for their money.
While bullion is famously touted as a hedge against rising prices, it has failed to capitalize on this year’s scorching-hot inflation that stemmed from the pandemic-era stimulus.
Spot gold has fallen about 4% this year, on track for its biggest annual decline since 2015.
Read the full article from Mining.com HERE.
