Are gold funds a good investment choice for 2021?

Are gold funds a good investment choice for 2021?
Gold- an asset that never goes out of fashion. This year, in 2020, Gold was one of the most sought after asset classes due to the uncertainty in the global markets. Gold is one of least available common metals on the earth. Due to the rise in the prices of Gold, the funds investing in the yellow metal offered eye-popping returns in 2020. 

In the last one year, gold funds have offered average returns of 26.84%. In the March quarter, Gold funds topped the return charts with 11% returns.  .. 

For the last two years gold has appreciated considerably due to various reasons. However, it is yet to attain its previous peak of 2011. What are the various factors that could influence the price of gold going forward? 
 
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