الجمعة, 03 أيار 2019 11:08

Why Gold Will Rally 20%

Written by
Rate this item
(0 votes)

(New York)

Gold had a great start to the year, but has since fallen back and is now down 1% in 2019. That’s said, there are some encouraging signs. Global demand for gold rose 7% from a year ago in Q1, and inflows to gold ETFs rose 49% versus the same stretch in 2018. Summer is a seasonally weak period for gold, but the metals outlook is going to be highly dependent on central bank action.


FINSUM: To be honest, we do not see a bullish scenario for gold right now. There are neither worries about an economic meltdown or high inflation, so the two big drivers for gold to move sharply aren’t there.

Contact Us

Newsletter

اشترك

Subscribe to our daily newsletter

Top