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The banking and financial expert, Mohamed Abdel-Al, has identified 3 factors and indicators showing the evolution of precious metals prices, especially gold, over the coming period.
"If you are a trader, an investor or a gold tracker and want to know the direction that will take the prices of precious metals, here is the rule and the secret," said Mohamed Abdel-Al.
3 indicators make gold a safe investment
The monetary policy of central banks around the world is a strong indicator of the direction of metal prices. If the current downward trend in interest rate reduction continues, the inevitable result will be increased demand for gold and higher prices in global and domestic markets; As a direct result of the low cost of financing, each decline in interest rates occurs.
He added that the evolution of the ratio of gold in the portfolios of central banks around the world is an important indicator for determining the evolution of metal prices. That central banks around the world have bought about 145 tons of gold since the beginning of 2019 to date.
He stressed that the third factor was the evolution of geopolitical tensions in the world and the Gulf region, as well as the extent of the fashion wars, trade wars, currency wars and tanker wars. Financial badets are defensive against currency fluctuation and weakness risks.
The gold expert said gold prices were trading in an untouched range above $ 1440 an ounce, which should translate into a stabilization of gold prices, with gradual upward trend over the next six months, given the fact that everything applies. Widely on the price of gold in the Egyptian market.
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