more Gold Price2 Mar 2021 08:48
https://www.kitco.com/commentaries/2021-03-01/Why-now-might-be-a-good-time-to-buy-gold-and-gold-juniors.html
quote from this article (good read)): There is a close relationship between inflation and gold prices. Gold is a hedge against inflation, so it is generally bought when inflation goes up, or looks like it will, to guard against currency devaluation. Also, when inflation rises, there is a risk to gold holders that the central bank will raise interest rates to stop the economy from overheating ie., from goods and services prices rising so high they begin to affect macro-economic spending. When this happens, investors often flee gold to get higher yields from bonds and other fixed-income assets.
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Gold prices and the US dollar generally move in opposite directions.
It looks as though the only direction that the greenback is headed is down, thanks to the Federal Reserve’s accommodation of low interest rates and higher inflation.
Many believe that the dollar, which fell to a 2.5-year low last year, will continue to face downward pressure in 2021 regardless of how the covid situation unfolds.
READ the article though. basically all the 'money printing' supports the Gold Price. It looks like we could see another rally to $2000 / ounce later this year once all the effects of the stimulus packages start to wash through. Just when eclipse will be starting to produce....