Gold on its way to $2,000 per ounce According to the analysis of the canadian bank TD Securities, the market is seeing an increase in interest in the yellow precious metal. According to experts, this phenomenon will lead to the fact that after the end of a long stagnation, the price of gold will break ahead and reach the level of $2000 per ounce.
The reason for this development will be the intention of countries to provide the economy with unlimited liquidity, thereby supporting financial markets, and protecting many of the companies from bankruptcy.
Moreover, it is necessary to understand that due to quarantine measures, gold production was suspended in many fields around the world, which caused the market to lose approximately 6 million ounces of yellow precious metal. It is also worth adding interruptions in the supply / transportation of gold to end users. All these factors will act as a catalyst for price growth towards $ 1,900 and higher.
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JP Morgan predicts the rise of gold! Analysts of the american investment bank JP Morgan published a market review, the verdict of which was the confidence that the state currencies of many countries will devalue, which in turn will turn into a new boom in demand for gold!
Moreover, JP Morgan recommended to use any suitable opportunity to buy yellow precious metal. Each correction will be a great chance to replenish your investment portfolio. It is important not to miss this chance.
The price of gold is on the way to new records, which lie above the level of 1,900 dollars per ounce. In many currencies of the world, gold has already updated its value record. Now investors are waiting for this to happen in the US currency.
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