Gold price will continue to be supported by COVID-19 threat

He added, cases are surging in India, and outbreaks have been seen in various countries.

When talking about the current state of the gold market, Gopaul said, “in Q1 2021, gold demand was 815.7t, as strengthening consumer demand mitigated the impact of ETF outflows as global economies continued to recover.

The yield story has dominated safe-haven flows and Gopaul noted, “as yields leveled off in April, other drivers gained relevance.

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