In 2021, optimism about the global economic recovery pressured gold to retreat from its 2020 highs but remain comfortably above its pre-pandemic levels. Next year, in an environment of higher interest rates, rising Treasury yields and a stronger dollar, bullion’s prospects seem ominous. On the other hand, growth commodities like oil and industrial metals, whose fortunes are heavily dependent on global economic performance have appreciated in the current year. If the world continues to make progress in keeping the Covid-19 pandemic under control, strong demand will probably boost cyclical commodities further.

Risk Warning: 74.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en

Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning

Receive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: http://www.xm.com/market-analysis-video

In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.

Visit our page for more: http://www.xm.com the international Forex broker.