Westpac say the price of gold has peaked, forecasts
WPAC on gold, forecasting the price to fall.
"This outlook comes as gold has been on a losing streak amid better economic data and more risk-on sentiment in the marketplace in light of positive COVID-19 vaccine news."
- to average below $1,760 an ounce by the end of 2021
- to fall to $1,633 at the end of 2022
Looking for a turn around in 2023
- by mid-2023 will begin to climb and rise to $1,848 by September 2024,