Kriptokoin.comAs we have reported, the federal reserve announced on Wednesday that asset procurement reduction accelerated and signaled three interest rate hikes in 2022. Gold prices reacted slightly and the precious metal increased over $ 1,800. In the last weeks of 2021, many analysts are starting to suggest 2022 predictions. So, how will gold perform next year?
Strategist: Gold and silver will perform well
BCA Research’s FX strategist Chester Ntonifor discussed the direction of the US dollar, gold and silver performance next year. “The FED will increase interest rates in 2022 and the European Central Bank will remain behind the FED, N Ntonifor said. This situation is already seen in the dollar and euro pricing, he said. Nonifor said that the Dollar Index or the US Dollar Index (DXY) would probably fall to 90 in the next 12 months, but that investors can wait for the continuation of the strength in the short term and said:
I think it will not collapse, but it seems quite reasonable for me to decrease from 96 to 90 existing on 12 to 18 months.
Ntonifor expects precious metals, gold and silver to perform well if the inflation environment continues in 2022. However, he reports that he especially loves silver. He thinks that the gold/silver ratio is high as one of the reasons behind this. It also points out that silver is a metal used in many sectors.
So, although inflation this year, why did gold experience a decrease in the last 12 months? According to the strategy, some of the reasons for this are the rise in the US Dollar Index, the change in real returns and the price increase in other commodities. It also shows investors’ orientation to crypto currencies as another reason.
