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CARE Ratings Research Report
The rise in interest rates and low liquidity created pressures on the international gold prices during February 2021.
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Alongside, the widespread rollout of coronavirus vaccines in various nations created hopes of a faster global economic recovery, which capped the upside potential of gold price movement.
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However, the downside potential of this metal's prices was restricted by the gradual spread of new strains of Covid-19 which led to fresh lockdowns in various cities of developed nations like the U.K. and Canada, among others.
Global gold investment demand Investments in gold-backed ETFs continues to remain firm as data from World Gold Council shows that global inflows in such assets stood at $7,238 million for year-to-date February 19, 2021.
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