Investors to keep gold prices sky high through 2021 as jewellers see demand drop

Investors to keep gold prices sky high through 2021 as jewellers see demand drop

Gold investors from North America and Europe hoarding the precious metal are set to maintain the recent high prices throughout the coming year.  This is according to Refinitiv Metals Research’s recent quarterly report. Much as they have during a lockdown, investors will continue to stockpile gold bullion. This will counteract the effects of low demand for gold from banks and jewellers, Refinitiv said. UK jewellers have been recommending their customers buy platinum jewellery over white gold throughout the pandemic, as gold prices eclipse the traditionally more expensive metal.

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