Does the yellow metal make a surprise in August?

The price of gold increased by about 40% than it was one year ago, ascending from $ 2,409 last summer to more than $ 3,300 currently, providing a unique opportunity for investors looking to make a rapid profit.
As fluctuations in the prices of yellow metal continued, an analysis of the American network “CBS” revealed the path that gold prices are expected to take during the month of August.

What will happen to gold prices in August?

The price of gold has been steady in recent months, to the extent that the idea of price stability in August may seem surprising. While precious metals are permanently volatile, the stability of prices in August seems the most likely probability, according to the report, and this is due to a number of factors.

Install interest rates

It is unlikely, according to the “CBS” analysis, that the American Bank’s decision to keep interest rates unchanged until its next meeting in mid -September next to gold prices negatively or positively.
As interest rates remain fixed in the foreseeable future, gold prices may not move much away from the 3,300 dollars an ounce that it recorded in the beginning of August.

American inflation rate

The inflation rate in the United States is currently stabilizing at 2.7%, while the analysis admits with the difficulty of determining the direction of the next index before the issuance of the work of the work statistics office on August 12.
A sharp rise in the rate of inflation may lead to the rise in gold prices, but if the inflation rate stabilizes or decreases slightly, its effect on the gold price market is likely to be weak.

The expected direction of the price of gold

The report concluded that although there are indicators on the possibility of gold prices in August, there are also strong indicators that predict a drop or relative stability. Under these circumstances, investors in gold should calculate what it may add (or what is not added) gold to their investment governorates.
He advised the report to amend the investment approach to include keeping gold in the long run, instead of excessive dependence on daily price changes that are difficult to benefit from.