1:53 AM
After the first month of this year, the yellow metal has increased brilliantly, after achieving its biggest annual increase since 2010 in the past year. Gold prices rose in January for the third month in a row and increased 3.1% since the beginning of the month, The best monthly performance since August, after a strong end of 2017; gold gained 13%, indicating a strong rebound in gold. Will this rally continue in 2018? Can gold be considered the best investment in the coming months?
Analysts say the service " F. Mother. The gold price could exceed $ 1,500 an ounce this year for the first time since its collapse in 2013, as it will enhance its appeal as a safe haven of risk, both economic and political, said Sida Letoch, analyst at the service. "The geopolitical climate and equity markets, which face growing risks of sharp correction, will be major engines for gold to rise."
Leitouch believes that global markets will increase volatility due to the ambiguity surrounding Trump's policies, Britain's exit from the EU and tensions in Europe, as well as accelerating demand for gold from private investors from Asia in particular. Indian demand, for example, rose by about a third last year To 611.2 tons.
These data indicate that gold will continue to rise, and in the next few lines we will discuss the reasons that will promote the rise of gold, making it perhaps the best investment option this year.
Analysts say the service " F. Mother. The gold price could exceed $ 1,500 an ounce this year for the first time since its collapse in 2013, as it will enhance its appeal as a safe haven of risk, both economic and political, said Sida Letoch, analyst at the service. "The geopolitical climate and equity markets, which face growing risks of sharp correction, will be major engines for gold to rise."
Leitouch believes that global markets will increase volatility due to the ambiguity surrounding Trump's policies, Britain's exit from the EU and tensions in Europe, as well as accelerating demand for gold from private investors from Asia in particular. Indian demand, for example, rose by about a third last year To 611.2 tons.
These data indicate that gold will continue to rise, and in the next few lines we will discuss the reasons that will promote the rise of gold, making it perhaps the best investment option this year.
1 - Dollar .. Gold more beneficiaries of the weakness of the US currency
The exchange rate of the US dollar is one of the most important determinants of the global gold price, since there is an inverse relationship between the value of the dollar and gold, meaning that the increase in the price of gold is often a reflection of the depreciation of the dollar and vice versa. Against the risk of changes in the exchange rate of currencies in general, as investors and traders in the exchange market to buy gold to cover the risks resulting from fluctuations in currency rates.
The gold price hit its biggest annual gain since 2010, after a sharp drop in the value of the US dollar, which recorded its biggest annual decline since 2003 last year, on doubts about the continued recovery of US economic growth, ending the year at a loss of 9.5%. The US currency fell against the euro, the Japanese yen, the pound sterling, the Canadian dollar, the Swedish krona and the Swiss franc, and these currencies are the components of the dollar index.
While data from the International Monetary Fund showed that the US dollar's share of global foreign exchange reserves fell in the third quarter of 2017 to its lowest level since mid-2014, the third consecutive quarterly decline in the US dollar's share of global reserves, Weak US currency.
With the end of 2017, it is not expected that the dollar will offset some losses last year in 2018, which is in the interest of gold prices. According to Steven Ines, director of trading control for the Asia Pacific Pacific currency company, "Oanda" Strong for gold, this year.
The exchange rate of the US dollar is one of the most important determinants of the global gold price, since there is an inverse relationship between the value of the dollar and gold, meaning that the increase in the price of gold is often a reflection of the depreciation of the dollar and vice versa. Against the risk of changes in the exchange rate of currencies in general, as investors and traders in the exchange market to buy gold to cover the risks resulting from fluctuations in currency rates.
The gold price hit its biggest annual gain since 2010, after a sharp drop in the value of the US dollar, which recorded its biggest annual decline since 2003 last year, on doubts about the continued recovery of US economic growth, ending the year at a loss of 9.5%. The US currency fell against the euro, the Japanese yen, the pound sterling, the Canadian dollar, the Swedish krona and the Swiss franc, and these currencies are the components of the dollar index.
While data from the International Monetary Fund showed that the US dollar's share of global foreign exchange reserves fell in the third quarter of 2017 to its lowest level since mid-2014, the third consecutive quarterly decline in the US dollar's share of global reserves, Weak US currency.
With the end of 2017, it is not expected that the dollar will offset some losses last year in 2018, which is in the interest of gold prices. According to Steven Ines, director of trading control for the Asia Pacific Pacific currency company, "Oanda" Strong for gold, this year.
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