The pandemic 'changed the world' and gold price will reap the benefits – CPM Group

(Kitco News) After a record year, gold is bound to see more gains in the medium and long-term, according to the CPM's Gold Yearbook.

The pandemic has changed the world, making some of the existing problems even worse and setting gold up to benefit, the CPM Group said.

"While the pandemic will eventually pass, it has left the world changed and has in fact compounded and worsened some of the factors that are supportive of gold prices," the CPM Group said.

The biggest drivers that will support gold as the world reopens include sovereign and private sector debts, deficits, and ultra-loose monetary policies.