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.
Inquire now and we'll send you the 
