London, Jan. 14 -- : Gold investment will remain well supported in 2021 while gold consumption should benefit from the nascent economic recovery, especially in emerging markets, the World Gold Council (WGC) said on Thursday.

The COVID-19 pandemic raised uncertainty by compounding existing risks and creating new ones. But by the end of last year, investors were optimistic that the worst was over.

"Looking ahead, we believe that investors will likely see the low interest rate environment as an opportunity to add risk assets in the hope that economic recovery is on the immediate horizon," said WGC in its outlook report.

Investors will likely also be navigating potential portfolio risks, including ballooning budget deficits, inflationary pre...