VTB Capital allows a drop in gold prices next year to $ 1,000 per ounce

World gold prices have no chance of growth in the foreseeable perspective. Speculations are possible, for which the ceiling will become $ 1,500 per ounce, and then a sharp fall of up to 1000 - 1200 dollars. This was discussed by analysts at the recent conference in Moscow dedicated to the market of the precious metals of Russia and the world.

Gold prices will continue to fall smoothly, and after the expected US Federal Reserve, the US Federal Reserve for Rounding the Program for Assistance to the American Economy will collapse to $ 1,000 per troika ounce.

The price of gold has already decreased by a quarter from the beginning of this year and, in its results, will become the lowest over the past 13 years. The invited UBS precious metals analyst Johni Tivs did not exclude the situation when the price of gold can break down a psychological barrier of $ 1,000: “I would not even exclude falls below 1000, but I don’t think that the price can remain at these levels for a long time,” she emphasized.

Analysts noted the reduction of procurement by regimes in the developing countries of gold in state reserve. According to Joni T high, the total reserves of developing countries in gold can be reduced by a third - to 375 tons.

VTB Capital revised the previously announced forecast for gold prices towards reducing prices next year to $ 1350 per ounces in the corridor of $ 1,500. Nevertheless, according to the new analytical report of the bank, they do not exclude short-term failures below $ 1,200 per ounce up to 1000-1100 dollars per ounce, when the US Federal Reserve finally announces the folding of “quantitative mitigation” measures.