The French bank, Societe Generale has come out strongly in favour of an almost immediate gold bull run this week, with its analysts calling for a record-breaking start to 2021.
In a new report issued to investors yesterday (Tuesday), commodity analysts called for the precious metal to reach £1,734 ($2,340) by the end of Q1, thanks to a global continuation of ultra-low interest rates and weak US dollar. It said, “Negative real rates, record levels of negative-yielding assets, expanding U.S. debt, a strengthening CNY and, eventually, potential flows into E.M. assets will pressure the U.S. dollar and be supportive for gold.”
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