The precious metal could benefit from a recession.
(Photo: Bloomberg/Getty Images)
Dusseldorf Gold’s rise has been rapid and dynamic: in less than two weeks the price has surged more than $100 to as high as $1790 an ounce. The precious metal is currently working through this level. Will the recovery continue – or will the price see the next setback?
The forecasts of the experts differ widely. The analysts at the US bank Goldman Sachs expect the price of gold to be $2,500 in twelve months’ time, while the experts at UBS are only expecting $1,650.
In fact, there are some indications that gold could come under pressure again in the short term as a result of the expected interest rate hikes by the central banks. In the medium term, however, things look different. What now speaks for and against the precious metal – and which brands in the gold price investors should know.
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