Does the gold train stop? .. “The Federal and the Psychological Combat” may turn the scales
Gold achieved total gains of 51% during the current year, thanks to strong purchases by central banks, increasing demand for gold -backed investment funds, and the fragility of the US dollar, and individuals seeking hedge amid the escalation of commercial and geopolitical tensions. 3,977 dollars earlier in the session, while it arrived Futures contracts to the threshold of $ 4,000 for the first time in history before returning quickly to the level of 3,975 dollars. "Positive" In the short term < /h2> says Kelvin Wong, chief market analyst in "Uanda": "The chances of reducing interest rates America are still once in October, and again in December, it is heading above the level of 80%, so this supports Gold prices . Add to this the closure of the US government, with no indications of resolving this crisis quickly."
Independent analyst Ross Norman believes that consumers’ fear of missing the opportunity to buy at the current prices in anticipation of the rise of gold to future levels, is the last factor that has contributed to the height. "We see basic and other momentum reasons for more gold, and we currently expect the price to reach $ 4,200 an ounce by the end of this year."
as a bank modified "Goldman Sachs" His expectations for the precious metal price for the year 2026, to reach 4900 dollars an ounce by the end of next year, pointing to strong flows of investment funds circulating in the western stock exchanges, and increasing demand by central banks. Yellow. And if the wave of sale is strong enough, it may raises at this point fears of correction (decrease)." target ="_Blank"> The United States and its prominent commercial partners such as China and India, calm conflicts in the Middle East, and the war between Russia and Ukraine, in giving some stability in mineral prices. Despite the weakness of the last two possibilities, the matter is subject to political developments." target ="_Blank"> The dollar. "Federal" Installing the interest in its next meeting on October 28 and 29 instead of reducing it, so that it will be in violation of the market expectations, will enhance the dollar, and negatively affect gold.
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