MOSCOW, January 14. /TASS/. Economic recovery in emerging markets will support consumer demand for gold in 2021, according to a report by the World Gold Council (WGC). Global gold production may also rise after a decline in 2020.
According to the report, investment in gold will remain well supported, while gold consumption should benefit from the ongoing economic recovery, especially in emerging markets.
Investment in gold will respond to interest rates and inflation, the WGC said. In addition, central bank demand for gold will remain as they continue to include gold in their international reserves, which, combined with low interest rates, maintains gold's appeal, the report said.
Gold has become one of the most profitable main assets in 2020, and gold production is expected to recover this year after the decline seen in 2020, the World Gold Council noted.