Gold is about to complete the worst year since 2015, with the preparation of global economic recovery on Friday to facilitate valuable metal port flows and to increase interest rates of central banks to control inflation. We are the last day of the year Kriptokoin.comWe have compiled the analysts’ gold expectations for our readers.
Jeffery Halley: Risk protection pushed the gold up on one night
Spot Gold increased by 0.34 %in weak operations at the time of writing to $ 1,819,84 per ounce and is close to the highest level of a month. The US gold futures are traded at an increase of 0.34 %and $ 1,820.3. Jeffery Halley, Oanda’s senior market analyst, makes the following assessment of the markets:
At the end of the year, the risk of risk pushed the gold up overnight and maintains gold support in Asia, despite a modest US dollar rally during the night. Gold is currently located just below the resistance at $ 1,820.
In the meantime, let’s remind you that a stronger dollar (DXY) makes the ingot more expensive for buyers with other currencies.
Golden annual decrease“Gold is reasonable well rose well”
Gold prices have fell more than 4 %so far this year after the global economic recovery increased by 48 %compared to the previous two years due to the reduction of demand for safe port metal. Following the best annual performance last year, this year, the yellow metal was traded between $ 1,676 and $ 1,959. At the UBS Wealth Management in Hong Kong, Dominic Schnider, President of the Commodity and Apac Forex, is not so pessimistic about the performance of gold:
Given all the pro -growth developments and all the normalization in monetary policy, the gold rose to a reasonable extent well.
“If there was no inflation, you would have claimed that gold prices would be much lower, Dom Dominic Schnider says that the performance of gold for the year is very positive for euro or yen investors.
According to Phillip Street, precious metal is comfortable on both sides of $ 1,800
Bl We are in a high -volume holiday -type trainee, Bl we are in a Blue Line Futures Chief Market Market Strategist Phillip Street, Chicago, thinks that gold is comfortable on both sides of $ 1,800. The strategist adds that with the recovery of volumes next week, gold prices can find more direction.
Benchmark fell from the highest level of a month without significant catalysts that would direct the 10 -year US treasury interests, market direction and many trades before the New Year holidays. This reduced the cost of opportunities for keeping the ingot that does not pay interest rates. DailyFX Foreign Currency Strategist Ilya Spivak says that the fluctuations seen in the last two days are about the weakness of the market rather than any basic catalyst, and that this means that the volatility increases.