Economics Perspectives
The lender sees the price averaging $27.30 this year. Morgan Stanley, meanwhile sees the metal averaging $25 an ounce in 2021, up 22% from last year.Gold, meanwhile, is stabilizing after its first quarterly loss since 2018 amid high bond yields and optimism over the global economic recovery from the pandemic that’s damping demand for the metal. Citi sees gold, currently fetching around $1,740 an ounce, falling to $1,575 in six to 12 months.Sill, there’s no shortage of silver. The Silver Institute expects the global market to remain in a surplus this year, although it sees the lowest excess since
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