Gold is on the rise in 2015

Gold could make a strong breakout in the second half of 2015, according to a European analyst at Saxo Bank. More recently, in the stock markets, everything has contributed to the fact that the price of gold declines, and by the end of the year sounded on a weak note. However, investors see more favorable direction for the gold market next year.

Upbeat gold analysts think the yellow metal could close next year at $ 1,250 an ounce. But that upward move during the first few months of 2015 may even break below the 2014 lows.

At the start of the year, gold prices could drop to $ 1,100 or even $ 1,080 an ounce as the US dollar continues to dominate the market and investors adjust their positions against normalized US interest rates.

At the same time, investors do not exclude the attractiveness of gold as a safe haven for investments, as the market remains largely uncertain. In fact, the demand for gold as a safe haven could help the gold market in early 2015, as European countries, together with Russia, are teetering on the brink of recession. The Russian economy is struggling with high inflation amid economic sanctions and lower oil prices.

Europe is still feeling the effects of the financial crisis as economic growth remains weak and the central bank is struggling with deflation. This uncertainty could create a crisis in emerging markets that would benefit gold as a safe haven.

The full-blown economic crisis is also affecting the US, although the US economy is fairly independent, it is still stuck with the rest of the world. All of this can scare investors into driving them back into the gold market.