Critical Gold Forecast from Famous Investment Bank Strategist!

Andrew Sheets, the famous strategist of Morgan Stanley, said the levels at which gold prices will rise in 2021.

Critical gold forecast came from the famous investment bank strategist. Andrew Sheets, the famous strategist of Morgan Stanley, who evaluated the market, made critical predictions about gold prices. Sheets stated that although inflation is expected to increase in 2021, gold prices will decrease even compared to current levels.   May Fall Even More Morgan Stanley's economists expect US inflation to rise by just over 2 percent in the next 2 years. Therefore, this is not a scenario that seems out of control for inflation, where gold seems best suited, according to Andrew Sheets, the famous strategist of Morgan Stanley.   The famous strategist used the following statements on the subject: “Gold is an asset for which narrative is important. In 2021, the pandemic seems ready for recovery. Economic data are improving. Politics has become calmer and interest rates are starting to rise. Gold scores poorly on the more quantitative, cross-asset approaches that my team runs. The return on gold is particularly low compared to other commodities. Its valuation is not particularly attractive. The price momentum is weak, meaning that falling commodities generally continue to decline, and emerging current economic data generally means that gold is outperforming other assets.”   Will Be Traded Just Below $1800 By Year's End Andrew Sheets, in the continuation of his evaluations on the subject, says that gold will be traded slightly below $1800/ounce by the end of 2021. The famous economist points out that despite the recovery in inflation, gold prices will decrease further. Andrew Sheets continues his comments on the subject as follows: “As for gold prices, we estimate a price just under $1,800 per ounce. We expect these levels by the end of the year. Even as inflation is rising, gold prices imply that there is more decline than current levels.”