Abstract:Yesterday Monday, gold hit a new low again and fell to around 1764 in the afternoon. The U.S. market rebounded strongly in the evening after not breaking the second time.

December 1st, yesterday and Monday, gold hit a new low and fell to around 1764 in the afternoon. The U.S. market rebounded strongly in the evening after not breaking the second time.

On Tuesday today, gold continued to rebound and successfully broke through the suppression of this week's starting point of 1790 before the European market, confirming its strength in the short-term.

And on the monthly line of the big cycle, it ended yesterday. The monthly line finally closed at 1780 line. Can the future trend of gold bottom out and rebound and continue to challenge more than $2,000?

Recently, Charlie Morris, chief investment officer of ByteTree Asset Management, said that he believes that gold still has a lot of room for development because it has begun a new round of bull market.

For investors who question whether inflation will really rise in the next few years, Morris said they only need to look at other commodities. Copper prices are currently at an eight-year high, and oil prices have also begun to climb.

Morris said. "This is when gold starts to rise again. Inflation expectations must go higher unless central banks around the world stop what they are doing, which is very unlikely to happen."

Morris said that due to rising inflation and high levels of government debt, fiat currencies are expected to weaken. In such a world, gold is still an important safe-haven asset.

Although the current gold price has plunged by more than US$300 from the historical high of 2075 in August, Morris has reiterated his 10-year goal of reaching US$7,000 by 2030.

Of course, the company's statement is a bit exaggerated, and the time span is a bit large. We are more concerned about the gold trend next year.

In response, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, stated in his December outlook that debt and large-scale quantitative easing policies are sufficient to allow the bull market for gold to continue next year, adding that gold has a solid foundation.

McGlone said, “Gold prices may not be as supported by rising stock market volatility as they did in 2018-20, but the trend of negative yields, quantitative easing policies and rising debt/GDP ratios seems unstoppable, providing a solid foundation for value preservation.

Bloomberg chart shows that even if the price of gold recently fell below $1800, this is part of the overall upward trend.

In 2021, gold will continue its upward trend! By the end of 2020, gold will return to the upward trajectory, which will provide a relatively stable support for the gold bull market in 2021.

He said that after the Fed raised interest rates for the first time in 2015, the price of gold was back on an upward track, and there were few signs other than maintaining an upward track.