Gold to stay high in the near-term, says Fitch Solutions ...Qatar

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Gold to stay high in the near-term, says Fitch Solutions
Gold is expected to trade sideways in the coming months; Fitch Solutions said and noted the precious metal could struggle in 2022 as inflation pressures start to wane. Fitch Solutions maintained its gold price forecast for 2021 at $1,780/ounce with prices having averaged $1,803/oz in the year to date and hovering around $1,815/oz as of August 30. By 2022, the price will weaken to $1,700/oz, Fitch Solutions noted. Rising bond yields and shifting monetary policies will prove to be significant headwinds, the analysts said. The neutral outlook towards gold prices in 2021 was due to conflicting factors. Among the supportive factors are still-elevated inflation, low US treasury yields (the 10-

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