Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
fall in prices
Analytics

Fall in gold prices will happen by the end of the year: the opinion of the analyst of Freedom Finance

24.04.2021
2 min read

Fall in gold prices: causes and prospects for the precious metal

Gold has long held the position of a reliable asset. Its value in the stock markets grows with enviable regularity, which is observed even now. However, analysts predict a collapse in gold prices, and it will happen by the end of the year.
Since the end of 2020 the value of the precious metal has increased by 22%, which was a record high. This has made gold a better investment, which has yielded good profits in a fairly short period of time. Despite this, an analyst at Freedom Finance notes that the dynamics of the precious metal may change in the near future. He does not exclude that the cost of gold may go down to $1,860-1900 per ounce. In addition, the price growth will stop for a certain period.
According to experts, the active dynamics in the precious metal was due to the pandemic and the tense political situation in the United States. However, stabilization in these areas will affect gold quotations and it will stop growing.
The price of the precious metal has been rising regularly since 1970, the figure averaging 7% annually. If we consider the situation in a more complex way, it is not the value of this asset that is actually increasing, but the purchasing activity of the currency in relation to the metal is decreasing. For a long time experts say that the existing monetary system is imperfect and should be changed. It is no longer able to service the global debt, and as a result money loses its value. We need to introduce new programs and principles to stimulate the development of the global economy.

fall in prices

The debt burden is increasing, which is especially felt when financial crises occur. Accordingly, the currency loses its attractiveness, and then investors turn their attention to gold, which has been showing its reliability for centuries. This leads to spikes in value of the precious metal. After a while the situation stabilizes, and everything goes in a circle again.
However, over the past few years, central banks of many countries, realizing the fragility of the monetary system, began to increase gold reserves, which was also reflected in the quotation of the asset. Some central banks explain their decision by their desire to reduce dependence on world currencies, while others are building up reserves of precious metal to withstand the crisis. For example, Russia has recently invested in U.S. government bonds, but then decided to invest in gold. For several years, the Central Bank has been increasing the volume, and by the second half of 2020, the Russian reserve had 2300 tons of the metal. The rules for storing assets have also changed. Previously, most of them were held in the U.S., but now the government prefers not to take the gold reserve out of the country.

Tags: Analytics
0
Previous Post Trader's tools: peculiarities of the order book use Next Post History of Broadcom Limited creation

You Might Also Like

oil and gas budget revenues
Analytics
Analysts: how oil and gas budget revenues are formed
13.02.2021
Disney Plus
Analytics
Corporation analysts: prospects of Disney Plus streaming service
09.04.2021
investment in mutual funds
Analytics
Freedom Finance analyst: investment in mutual funds is becoming more and more popular
14.04.2021
chaslau koniukh
Analytics
Risks of investing in airline stocks: opinion of ICB and analyst Chaslau Koniukh
07.08.2020
rise in oil prices
Analytics
IEA: whether to expect oil prices to rise by 2040
04.04.2021
oil growth forecast
Analytics
Is oil growth possible: forecast by WSJ analysts
15.11.2020

Recent Posts

  • 1Laos cryptocurrency exchanges
    Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
    24.06.2022
  • 2Digital luxury
    Digital luxury: perspectives for luxury goods in virtual space
    23.06.2022
  • 3SWIFT considers interaction with digital currencies
    SWIFT plans to interact with digital currencies
    22.06.2022
  • 4The minimum income in Latvia will change
    The government intends to revise the minimum income in Latvia
    21.06.2022
  • 5Domuschiev brothers
    The Domuschiev brothers: the success story of Bulgaria’s first billionaires
    20.06.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Rise in gold prices: reasons for increased interest in the metal

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

OpenSea NFT platform
OpenSea’s NFT platform hits the $13.3 billion mark
25.06.2022
Laos cryptocurrency exchanges
Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
24.06.2022
Digital luxury
Digital luxury: perspectives for luxury goods in virtual space
23.06.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Rise in gold prices: reasons for increased interest in the metal
  • Will oil cost $100 per barrel: forecast
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics