The US dollar has continued to weaken over the last week, as safe-haven demand has catapulted the gold price beyond the $2040 mark.
- Gold
- Platinum
- Silver
Gold is set to end the week in a strong position and at a new short-term trend high.
Silver traders are currently witnessing a modest increase in prices in what can be described as a relatively calm trading period
Gold prices are forecast to rise 6% in the next 12 months
Gold Prices Rise Again On Weaker Dollar, Geopolitics Dominate
Over the past six months, Gold prices have risen over 3%. Economists at ANZ Bank analyze the yellow metal’s outlook.
Gold is trading higher on Wednesday, as traders eagerly await the Federal Reserve’s January meeting minutes for insights into future monetary policy.