$2,000 gold to keep metals 'atop the leader board' in 2021, says Bloomberg Intelligence

(Kitco News) Gold will be the asset to beat in 2021, according to Bloomberg Intelligence, which sees the precious metal outperforming U.S. stocks.

"Gold may gain increasing reference as the performance benchmark to beat," said Bloomberg Intelligence senior commodity strategist Mike McGlone.

Gold's price advance of 2020 appears to be sustainable, McGlone said on Tuesday, noting that the current resistance of $2,000 an ounce will become the metal's support.