Gold prices are traded in a decline trend during writing and sit on $ 1,776. In the opinion of the economists in DBS Bank, the correction of bond returns is positive for the appearance of the gold price. In addition, according to analysts, it is time to reconsider precious metal.
Economists in DBS Bank: It’s time to reconsider gold prices
Economists in DBS Bank commented on precious metal markets. In the opinion of the economists in DBS Bank, the withdrawal of bond returns is positive for gold and it is time to examine the market again. Analysts are connected to three factors that the market is ready to regain market leadership. Economists in DBS Bank made the following statement about the issue:
Re-revitalization of COVID-19 cases and slow spread of the vaccine: In developing countries, vaccination remains slow, while COVID-19 cases are increasing. A delay on the return to normal for businesses will focus on global growth. Summit macro acceleration: In 64.7, the US ISM manufacturing index appears at the summit and a improvement in the index coincided with a moderate in the rally in the S&P 500 index. Returning of Usta Return: US Treasury (Ust) bond returns are re -monitored despite powerful macro data. This shows the increasing prudence in this year’s economic growth assumptions. The relative low performance of technology turns the corner and expects the positive acceleration to continue. The virtual and unlimited nature of the field of technology requires less face -to -face human interaction. A deterioration in the COVID-19 state will therefore have less negative impact on technology and we expect the sector to regain the cyclic leadership. The correction of bond returns is time to reconsider positive and precious metal for the appearance of gold.
