According to SP Angel, a commodity trading company, the coming year could be very good for gold. The positive outlook is explained by the potential actions of the US Federal Reserve System (FRS), which may be limited to two increases in interest rates.
SP Angel experts believe that inflation may increase in the United States amid tax cuts and wage increases. This factor will significantly support the price of the yellow metal.
According to experts, in the coming year, the cost of gold has a good chance to grow by $ 100. In SP Angel assume that the maximum rate can be $ 1,275 for 1 ounce. Thanks to investors who are buying the yellow metal in times of decline in price, the precious metal formed the foundation at $ 1208, below which the value of gold is unlikely to fall.
Analysts are confident that the central banks of the world will continue to increase the gold reserves of their states against the backdrop of the volatility of most world currencies. Recall that for regulators, the yellow metal is a tool for diversifying international reserves.
According to the experts of the large American bank JP Morgan, in early 2019, investors cannot rely on the price rally of gold. In the first half of the new year, prices for yellow and white metals will be moderate. The bank's analytical review confirmed the neutral outlook for gold and silver for the first half of next year. JP Morgan believes that the price of precious metals will vary in the range of $ 1,200 to $ 1,250 for 1 ounce. Changes can occur only in the fourth quarter of 2019 when the value of gold soars to the level of $ 1,400.
The material has been provided by InstaForex Company -
www.instaforex.com