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)

Update On Gold For December 2020: Care Ratings 

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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

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