In the pursuit of gold: prices, factors of influence, and the experts’ opinion
Another US Federal Reserve meeting is going to be hold soon, and the issue of interest rates will be discussed again. Will the results of this meeting affect gold prices?
Anyhow and regardless of Fed’s decision, gold is still a coveted product for humankind, according to the economics professor Richard Grossman.
Do you want to know more?
Updates in the gold market: 25th July
On 25th July gold prices reached $ 1,316 per ounce. A gradual downward trend is observed: according to several media reports, gold prices are constrained by the growing popularity of the equity market in the US and the high dollar rates.
This week a flow of new data on economic statistics is expected as the Bank of Japan and the US Federal Reserve will hold different meetings by then. Typically, gold prices reduce before Fed’s meeting, since investors are waiting for their decision on interest rates. After the meeting, if rates are not raised, gold prices will increase again.
Rates are expected to remain the same; however, Fed’s decision can be determined by a number of economic indicators closely connected with price volatility.
"Chasing gold": the movie
Gold has never lost its relevance. The German TV reported to have released the movie "Chasing gold" which shows some facts about the history of gold and the opinions on the topic of famous people.
For example, the richest man in the history of mankind, the former ruler of Mali in Africa, possessed an amount of gold worth of $ 300,000,000. Set in the XIV century, his record has not been beaten yet.
The scientist Richard Grossman believes that people striving for gold is constant in time. People would do anything for gold.
Why and how to buy gold?
In times of uncertainty, it is necessary to turn to a capital remedy, and gold is the perfect resource for that. Its value increases over time, and its asset safe-haven status cannot be questioned.
Nowadays, gold can be bought under favorable terms. The possibility of earning with gold is available to everyone seeking financial independence.
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