Your browser does not support JavaScript! Pls enable JavaScript and try again.

2021 Annual Outlook | Commodities

Is the Bull Cycle in Gold Still Intact?

Key Takeaways

  • Even as OPEC+ tapers its production cuts and encouraging vaccine news boost demand recovery, market balancing for crude oil could remain robust in 2021. Citi analysts expect Brent and WTI prices to average US$54/bbl and US$51/bbl respectively in 2021.  
  • The current gold bull market may slow but not end provided the Fed’s monetary policy stays accommodative and gold prices could average US$1,900/oz in 2021.
  • Global decarbonization efforts see increased conviction in copper while coal markets appear to be dependent on Chinese import policies.







Related Reads


Trending Topics


Wealth Insights2022 Annual OutlookEconomy2021 Mid Year OutlookESG Investing2021 Annual OutlookUS ElectionCoronavirus COVID-192020 Mid Year Outlook2020 Annual Outlook2019 Mid Year Outlook2019 Annual Outlook2018 Mid Year Outlook2018 Annual Outlook2017 Mid Year OutlookAsia Pac / EMAsset AllocationBondsCommoditiesCurrencies - Daily UpdateCurrencies - Weekly Houseviews and StrategyEconomy/PoliticsEuropeEquitiesJapanSectorsUSVideosCIO Perspectives