• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Experts: the rapid growth of gold is likely to continue


April, 10 2024
watermark Economic news

According to Bloomberg analysts, the rise in gold prices to record levels may continue – while maintaining the factors that contributed to its growth by 20% since mid-February. 


Expectations of a Fed rate cut create a favorable environment for gold owners, as it reduces opportunity costs. At the same time, unresolved geopolitical conflicts continue to support demand for this precious metal, including purchases from global central banks. 


Experts also note a strengthening trend towards the accumulation of gold reserves, predicting the possibility of a small correction, which, however, will attract new buyers. Given that the gold market is relatively small and dynamic, it can react quickly to changes. 


Meanwhile, high real bond yields remain an obstacle to investments in precious metals, as they do not generate interest. 


But overall, there is optimism in the Comex gold futures market in New York: the number of long positions has grown to almost a four-year high in a week.


Top Top