Citbank has called for a much weaker dollar heading into 2021, citing the roll out of a coronavirus vaccine, along with a looser economic policy to stimulate recovery, as being bad news for the greenback and highly supportive of soaring gold prices. The bank says the dollar will fall by as much as 20% – but critically, it sees gold as only mid-way through its bull run, meaning there is much further to go as the New Year gets underway.

The bank said, “When viable, widely distributed vaccines hit the market, we believe that this will catalyze the next leg lower in the structural USD downtrend we expect. Given this set-up, there is the potential for the dollar’s losses to be front-loaded, with the USD potentially falling by as much as 20% in 2021.”

As we shared in last week’s special report, multiple factors support much higher gold prices well in to next year and beyond, especially with low to zero interest rates expected to stick around for a while. Buy not to set yourself up to capitalise.

This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge