The gold performed well from the beginning of this year. While it hadn’t jumped as much as some experts expected, the metal generally retained its trend to rise, if not with the tremendous pace. The gold stayed above the $1,000 level, but can it conquer new heights?
Nowadays it looks like the gold can be considered more like the alternative currency than the commodity. And, as such, it can benefit from the uncertainty in the currency market and the need of the investors for the safety. The situation with Greece let many believe that Europe has some
The physical demand, like the demand from the jewelry industry, was subdued by the growing prices. Yet it may be slowly restoring itself as the customers are becoming accustomed to the new prices. What’s more important, the physical demand may provide the support for the gold prices as the customers will be buying more gold if its price would fall.
Some analysts think that by the end of the year the gold price may reach as much as $2,000. But most don’t support such optimistic outlook, claiming that the precious metal will stay in the current range. But despite some disagreement over the
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