Gold prices have been steadily decreasing for last six months since January 2013. After a short increase in December 2012, the prices have been dropping since September of last year. For how long will this drop take place? Are they returning back to their prices prior to 2008 economic crisis?
Have a look at this page: http://www.gold.org/ (you'll find lots of information from there)
Thank you Vissak. A great source of gold information. I think, the gold price is now recovering.
In the last few days the gold price has started increasing...The fluctuation of the gold prices is exactly like the stock market. If the price is low more people start buying and the price goes up..If the price is lower people feel it will come down further and start selling, leading to more fall in gold prices.
In my opinion investors are clever and they keep monitoring stock market, property market, gold market and other markets as well ----> And these markets have common triggers to rise and drop --->
For example uncertainty (War, Unstability etc), seasons such as Hajj or Christmas so on. Investors buy base on trend, forecasts and aiming to receive best financial benefits and accordingly they switch the markets.
--> These days gold has very slow returns and even in ten years not much rise has been recorded ... if we include inflation factor we see NO change in Price.
Hi,
You may have a look on this paper:
A melting pot — Gold price forecasts under model and parameter uncertainty
International Review of Financial Analysis, december 2016, vol 48,
Pages 282-291
Dirk G. Baur, Joscha Beckmann, Robert Czudaj
Best regards
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