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Gold forecast higher - falling rates, rising risks

gld updated

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Gold standard

- Expect $ 1,450 for 2021 and 2022 (previous $ 1,300)
Long-term gold price around $ 1,400 (previous $ 1,300)

Factors:
Prices will be driven by stock market sentiment, the prospect of the global economy and expected Fed action

Tactical Trading Opportunities to Buy Shares of Gold Mining Companies at Any Weakness by the Fed, With Current Expectations of 25 Bps

For the time being, the price of gold does not foresee a recent resolution of the US-China trade conflict (at least not until the end of this year)

We expect a seasonal increase in the precious metal in the period December - January.


 Trader Aleksandar Kumanov

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