Analysts and investment banks believe gold’s second great bull run is almost at an end.
The yellow metal saw a rise in 2020 that took it over the US $2,000 mark, fuelled mostly by market uncertainty in the face of the pandemic and the resultant economic fallout.
BlackRock Global Allocation Fund analysts have noted that the gold price as declined by roughly 5 percent over the past three months and they expect that decline to continue. Vaccine rollout will encourage stimulus and an economic surge, they believe.
On the other hand, Goldman Sachs notes that real yield remain negative in a number of countries and still sees some upside for bullion.
