Gold prices were stable on Thursday. However, the economic landscape is becoming more complex, and Bitcoin now competes with gold for a safe-haven status, said a commentary by FinancialBuzz.com. Furthermore, the road ahead in 2021 remains unclear in terms of where the economy is headed.
Nevertheless, gold is expected to bounce back. According to a report by Kitco, the U.S. government continues to move forward with its proposed $1.9 trillion stimulus package to support the U.S. economy further after the fallout from the pandemic. The United States is not unique in that regards, as central banks around the world are maintaining very supportive monetary policies and growing their balance sheets to record levels. The threat of global currency debasement i
