The price of gold can be significantly more expensive in the second half
In early April, gold prices continue to decline. Tuesday, April 2, the precious metal is trading at $1291,20. All natural: dollar up, gold down. The median forecast for the price of gold, if you collect the insights and expectations of the world’s leading banks and investment companies, as follows: in the second quarter of 2019 Troy ounce of gold will cost $1283,76, third — $1312,50, fourth — $1340.
This means that economists still see the potential complications in world GDP growth at the end of the year, statistics will become more to reflect this slowdown, investors will need to be safe assets. The benefit is, of course, gold among others.
Overall this is quite consistent with our expectations. In the first quarter, the price of the precious metal rose to $1349 in the Wake of the escape from market risks. But then the exchange of “fire” was extinguished by a good American statistics and smooth negotiations between the US and China trade deal.
With the beginning of the year the price of gold rose 0.7%. It is quite unimportant, according to many of the exchange’s assets — oil, for example, for January-March rose by almost a quarter. But, as we remember, the gold rush and is an investment for the patient.
Senior analyst at information-analytical center,