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Economically, the forecasts on 2020 made back in January and the fall of 2019 were completely off, as the coronavirus surprised the global economy with its pandemic-induced sharp decline and deep sell-off in many assets. Precious metals have been one of those markets affected, and now the forecasts for 2021 are also warning of volatility. All precious metals show a gain in 2020, and some metals like rhodium (price has more than doubled this year) have done quite well.
As we close out this historic year, remember that we will continue to deliver you the latest in precious metals news and commentary to help keep any future “surprises” from being too surprisey (that’s not a real word. But you know what we mean.)
Gold & Silver Central is honored to be in your inbox. We look forward to continuing our service to you in these upcoming months of uncertainty.
Now let’s dig into today’s news…

Price
Latest on Gold Price and a Forecast for Good Measure
Time is running out for Congress to agree on a near $1 trillion stimulus package before Christmas – and gold prices are retreating. Holders of the precious metal seem impatient to hear once again about progress in Washington and as white smoke is yet to appear.
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Commentary
Only Silver and Truth Matters in the End
Watch this interview: In the End ONLY Truth and Silver Will Matter ([link removed])

Commentary
Refinitive Metals Urging Investors to Pump Brakes on New Gold Investments
The gold prices witnessed phenomenal jump, mainly triggered by global economic concerns triggered by the rapid spread of Covid-19 pandemic. The optimism surrounding the vaccines against the virus has resulted in a rally in global stock indices, suggesting the chances of economic revival. However, it remains unsure as to when the vaccine could reach the entire population of the world. Also, its effectiveness continues to remain as a big question. It must be noted that gold prices have recorded year-to-date surge of 22%. This is despite the recent sharp fall in prices during the past month, when it…
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Commentary
Here’s Why Bitcoin’s Relationship with Gold is Complicated
Earlier this week, JPMorgan published a global markets strategy note that points out money has flowed out of gold and into bitcoin since October, and predicts this trend will continue over the medium to longer term. The easy conclusion is that investors are finally understanding that bitcoin (BTC, +0.53%) is a superior future store of value to gold, and are rotating out of one and into the other.

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International
11% of Global Gold Exports Trade Happening with United Arab Emirates
The United Arab Emirates holds a leading global position as a vital hub for gold and precious metals trade thanks to the support and directives of its wise leadership, the country's Minister of Economy Abdulla Bin Touq Al Marri said in a statement on Monday. "The country today accounts for 11 percent of the total global gold exports, which highlights the UAE government’s strategic approach to developing the gold trade sector in accordance with best international practices, which will further strengthen the country’s leadership and competitiveness in this vital sector," the minister added in his statement.
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Commentary
Market Analysis: 2020 Hindsight on Precious Metals
In economic terms, 2020 has not turned out as the forecasts at the start of the year predicted. The coronavirus pandemic has had a dramatic negative impact on economic growth. This caused a sharp and deep sell-off in many assets during March, but this was followed by a rapid recovery in prices. The surprise is, perhaps, how resilient PGM prices have been given the economic disruption. All the precious metals show a gain for the year and even though platinum has lagged the US stock market, it has beaten the DAX.
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