Predictions of Gold Price Trend

Predictions of Gold Price Trend

 The peak price of gold can reach $5000 per ounce as per the analysts as the current economic output is many times greater than 30 years ago. As today's market is based on trader's emotions and mass psychology many would not believe that the gold price may increase to $5000. Because of this normally the predictions made by different analysts will be different.A common question may be bubbling in many minds about who are buying gold and driving their prices up. The market traders today are showing a lot of interest in buying gold. But a lot of ordinary folks are also buying gold. This is because they can buy and sell gold as a contract in their trading platform. The government also reserves gold for dealing with other countries as a better form of payment. Many people invest in gold as they lose confidence in paper currency. There are many causes for this volatile nature of paper currency. They may be political unrest, economic depression and rising inflation. There are many other factors which affects gold rate. Due to the increasing political and economic problems all over the world, many would always prefer to have a form of currency that has high value. 

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