Gold will continue to grow in price in conditions of increased liquidity in the markets and uncertainty in the global economy. This is evidenced by the financial director of the Enterprise Presez Metro Risorsisis, Mr. Zhang live.
According to the expert, the policy of mitigating foreign exchange rates carried out by world central banks will help support a high level of gold prices. Active buying up of precious metals by the central banks of developing countries that increase their gold and foreign exchange reserves will increase the cost of this metal even more.
When an uncertainty of gold prices reigns in the global economy, it seems unlikely, while the excess liquidity of the markets only enhances inflationary pressure. Therefore, gold will only get drunk, says Zhang live.
As for the volume of gold production, this year it will increase by 3% on a global scale and 6% in China, the analyst predicts.
To date, the world price for gold has stabilized at the level of $ 1586 per troika ounce.
Gold will rise in price - expert forecast
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