According to reports from Kitco

That the Analysts at Societe Generale or SocGen saying that Gold is showing positive signs from ETFs flows and putting money managers pushing towards a higher price at a year-end.

They also go on to add that the market is expecting that the ETF shall flow to be at a positive result for the year 2021 on the reflation side, but however, rising rates could possibly mean that there could be conflicting forces that could affect the gold price itself.

On the subject that the team had noted that it would be important to evaluate whether if the market remains focused on real rates, which should stay slightly on the negative side due to inflation, or nominal rates, which should rise and appears to increase the opportunity cost of holding gold.

However, on the negative side, SocGen has said that the reflation theme must include gold, which is the one factor leading to maintain a positive 2021 outlook. But if that story could lead to losses.

And by looking at the graph of Gold at the moment it is currently $1673.3 per ounce.

Soruces

Kitco

SilverGoldHunter

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