Being attractive -gold as a protective possession means that it will continue to grow to the nearest and medium perspective, market analysts predict.
The cost of gold futures with delivery in June exceeds $ 3300 per ounce. The precious metal has set a new note against the rear of Donald Trump’s next statements about the need to introduce roles to critical minerals. Bloomberg reported this on Wednesday, April 16.
The state at 11:30 in KYIV costs the cost of gold futures $ 3328. It was almost 3% higher than yesterday. In general, this year, precious metal has risen by 20%.
The agency writes that leading banks will remain optimistic about gold prospects in the next residences, as investors add investments to exchange funds provided by gold, and the middle banks will continue to accumulate metal. Goldman Sachs predicts that gold prices will increase to $ 4000 per ounce by mid -2026.
“The struggle for the power between large countries will continue. Being attractive -gold as a protective possession means that, most likely, it will continue to increase to near and medium terms,” said Luchen Wang, an analyst from the Shanghai Galaxy futures company.
Traiders also make bets at least three cuts on the Fed rate this year. Finance alleviation usually positively affects the cost of gold.
The day before, Trump became known to be aware of the United States’s hope in importing rare mineral soils. Such study will be conducted as part of possible new duties for all important minerals imported in the United States.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.