22.06.2015 - Gold prices not likely to change in near future
According to analysts, the markets of precious metals are showing signs of growth due to soft rhetoric from the US Federal Reserve Fund that contributes to the decline of the US dollar rate. Pravda.Ru asked expert opinion from senior analyst at Investkafe, Andrei Shenk, about the state of affairs on the gold market. "The current price of gold is pretty fair. There is a movement in the dollar rate that affects the price of gold as gold is priced in dollars. As for traditional factors that affect the price of gold, one should mention expectations of inflation, although they do not bring any surprises here. No one sees gold as a defensive asset at the moment. In other words, there are no factors that could move the gold price either up or down. For the time being, there is a balance of demand and supply on the gold market," said Andrei Shenk...............................................Full Article: Source
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