Gold prices expectations: What is the next station? .. And for how long does the rise continue?
Gold prices have witnessed a sharp rise over the past six weeks. Now, the closure of the US government may push The yellow metal to exceed $ 4,000 an ounce, that is, twice its value in less than two years. More importantly, gold is on the way to close at its highest daily and weekly levels in history. There is a political dilemma in Washington, and the confidence of investors in The dollar declining, and reducing interest rates that started last month, which will be repeated in a way "Almost" October. Gold investment fund traders, who were the main engine of the huge rise in gold in the past two decades, added more than 100 tons in September, which is the largest number of deposits in more than 3 years, according to the Bloomberg Statistics. The total number of investment funds circulating in gold remains somewhat away from its peak in 2020. From this perspective, individuals’ investments are still somewhat moderate. " Goldman Sachs " You expect the price of the yellow metal to rise to approximately $ 5,000 an ounce if the private sector invests only 1% of US Treasury bonds in gold. More investment in the traded investment funds may pay this price further.
