Investors are turning to the miners as gold, silver prices move higher

KITCO | Interest is once again returning to the precious metals mining sector as companies focus on giving back to investors in an environment that will continue to see higher gold prices, according to the latest research from CIBC.

In a report Thursday, the Canadian bank officially raised its gold forecast, looking for prices to average the year around $1,725, up from the previous forecast of $1,600. The market analysts also said that they see gold prices averaging around $1,800 an ounce in 2021.

“We believe that gold and silver are heading higher as history seems to repeat itself, with the current crisis following the 2008 playbook as highlighted by a period of Helicopter Money,” the analysts said.

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