GOLD PRICE FORECAST

There are many factors that could potentially impact the price of precious metal gold. This is because gold price is tied to several financial underlying notions, the least of which have to do with supply and demand, which we’ll go through. In fact, our team analyzed the metal market to find out what impacts UK gold prices more than anything else. Obtaining such knowledge is crucially important in the matters related to investment in gold. First of all, let us begin with supply and demand. This is the most fundamental notion when it comes to predicting the price of gold ingot and gold coins. According the recent statistics, the gold mines are being depleted at a much higher rate and pace compared to only a decade ago. This can only point to the fact that as the supply dwindles, the prices will undoubtedly increase. On the other hand, the demand for gold is also tied to many factors and not just the supply of this precious metal. We studied the gold market and all the indications point to the fact that the demand for gold will continue to increase steadily. As a result, the prediction can be made with a rather firm basis that an increasing demand is inevitably going to raise the prices upward. This matter can be seen both for the midterm and specially for the long term gold prices. But what is the driving the demand for 1oz gold bar or even 1 kilo gold bar higher?

The most important reason has to do with central bank or national treasuries. Especially, the United Stated Federal Reserve having unofficially made the decision to increase the federal interest rate in order to combat the foredooming inflation in the country. An uncertain future ahead of dollar will drive people toward gold and where to buy it. And another matter that can be regarded as a contributing factor in forming a prediction with regard to the price of gold moving upward even in the near future is also related to central banks. Many central banks around the world seek out to purchase gold in order to amass this precious metal in the gold reserves of the country. When great amounts of gold and gold bars are purchased and moved by central banks, this could easily impact the market of gold and drive prices upward. So, clearly now is the best time to move toward gold to buy and what could be better than buying a gold bar? You can do that right now at Real001.