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Top banks say gold may see a record rally by 2021

Morgan Stanley, JPMorgan, and Goldman Sachs all foresee the gold price rallying by 2021. According to a research paper from Bloomberg, the precious metal’s uptrend can fuel a Bitcoin upsurge.

Top financial institutions in the U.S. attribute the positive sentiment around gold to three main factors. They are: the potential devaluation of the U.S. dollar, uncertainty around the economy, and rising demand for physical gold.

Goldman Sachs analysts particularly see the price of gold potentially rising to as high as $2,000 per ounce.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.