- Analytics
- News and Tools
- Market News
- Gold to end the year close to $1600 – CE
Gold to end the year close to $1600 – CE
FXStreet reports that strategists at Capital Economics don’t expect the price of gold to fall much further this year.
“We doubt that the recent rise in US real yields will continue, and we wouldn’t be surprised if they even edged back down a little. If we are correct, then the recent slump in investment demand should subside before long, helping to remove much of the downward pressure on gold.”
“We still expect the recovery in physical demand for gold to continue. A strong economic recovery in India and a revival in demand in China should act as a floor for the gold price.”
“We don’t think that the price of gold will drop too much further from here. We forecast it will end the year close to $1600 per ounce.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
