Gold prices may rise above $1900 – expert
Gold prices are correcting Wednesday morning - at the time of writing The gold prices are correcting Wednesday morning - at the time of writing the article quotations on the Comex exchange were down by 0.18% to $1866.70 per troy ounce. The precious metal had been rising for The precious metal had been rising for four days in a row before that, reaching its highest level since January. It reached the highest value since January. The depreciation of the U.S. dollar and the sentiment among market players contributed to the upward trend. The US dollar depreciation and the mood of players, who have been displaying The steady rise in the US dollar was helped by a slowdown in the dollar and a cautious mood on the part of market participants. In addition, according to experts, the stock market at the moment is overvalued, which also encourages investors to turn to safe assets. According to AvaTrade senior analyst Naim Aslam, gold prices gold prices may exceed $1900, which is possible already in the next few days. Market participants are expecting the acceleration of inflation growth and its finding above the target of 2%, and such conditions will push the upward quotes. At the same time, the expert doubts that the Fed will change its monetary-credit policy due to an increase in The expert doubts that the Fed will change its monetary-credit policy due to an increase in the rate of inflation, because he believes that it is a temporary phenomenon.