Gold Price Today, Monday 15 March 2021

Based on Bloomberg data, during the current year 2021 the global gold price has corrected 9.47 percent. On Friday trading (12/3/2021), the price of gold futures for the April 2021 contract on the Comex was parked at the level of US $ 1,719 per troy ounce.

Bisnis.com , JAKARTA – The rate of gold prices is still in a depressed trend in line with the projected global economic recovery. Based on Bloomberg data , during the current year 2021 the global gold price has corrected 9.47 percent. On Friday trading (12/3/2021), the price of gold futures for the April 2021 contract on the Comex was parked at the level of US $ 1,719 per troy ounce, down 0.16 percent. Meanwhile, the average global gold price in 2020 is at US $ 1,760 per troy ounce. Throughout 2020, gold prices rose 24.42 percent.

The Monex Investindo Futures report states that market optimism for the outlook for economic growth, supported by the launch of the Covid-19 virus vaccine and the US fiscal stimulus package, has the potential to suppress gold prices.

On the other hand, analyst Samuel Sekuritas Indonesia Dessy Lapagu said that this year’s gold movement will be more stable compared to 2020 which managed to increase significantly when the Covid-19 pandemic began. Dessy estimates that the price of gold in 2021 will be stable with an average level of US $ 2,000 to US $ 2,100 per troy ounce.