The year of 2019 may pass under the sign of gold

According to a number of experts, investment in gold will remain relevant in 2019 due to increased volatility and uncertainty in global financial markets.


"We believe that the current year should be favorable for gold, as investors are still interested in defensive assets," said Standard Chartered Bank specialists.

"We expect that during the year the precious metal rate will show steady growth. Already this year, quotes may reach $ 1,400 for 1 ounce. At the same time, a short-term correction on the background of an uptrend cannot be ruled out, "they added.

A similar point of view is held by specialists of Saxo Bank.

"At the moment there are enough reasons to buy gold to save your own savings," said representatives of the financial institute.

According to them, the supporting factors for the cost of the precious metal will be a slowdown or complete cessation of interest rate increases by the US Federal Reserve System (FRS). It also includes the escalation of the trade conflict between Washington and Beijing, as well as increased political tension around Venezuela.

The material has been provided by InstaForex Company -