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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.
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