ADVERTISEMENT

Update On Gold For December 2020: Care Ratings 

Update On Gold For December 2020: Care Ratings

An employee handles 1 kilogram gold bars with in the precious metals vault at Pro Aurum KG in Munich, Germany. (Photographer: Andreas Gebert/Bloomberg)
An employee handles 1 kilogram gold bars with in the precious metals vault at Pro Aurum KG in Munich, Germany. (Photographer: Andreas Gebert/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

After three consecutive months (September to November 2020) of decline in international gold prices, December 2020 witnessed some stability.

The average of daily international gold prices during December 2020 were 1,863/ounce dollar, which is at nearly same levels as the previous month, but higher by 25.4% when compared on a YoY basis.

The upside potential of gold price movement during December 2020 was capped by some positive cues in the global economy such as approvals of Covid-19 vaccines in large economies of U.S. and European Union, announcement of new stimulus packages to support local economies, rise in government bonds yields of U.S., Canada, South Korea, Australia, etc.

Click on the attachment to read the full report:

Care Ratings Update on Gold for December 2020.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.