Expert tells Russians when gold price may rise
An expert has given a forecast of how gold prices may change over the course of the year.
According to the analyst of the investment company Veles Capital, by the end of the year the precious metal will rise in price to $2,800 per troy ounce.
Elena Kozhukhova expressed this opinion in a conversation with RIA Novosti journalists.
It is noted that on September 13, the price of gold futures increased by 0.7% and reached $2,600.
This is the first time such a price for a troy ounce of precious metal has been recorded.
The expert did not rule out that by the end of the year gold could rise in price to $2,800 per troy ounce, and this is not the limit.
If some unpredictable factors suddenly intervene in pricing, Kozhukhova admitted that gold could subsequently trade at $3,000 per troy ounce.
The expert named the reason why gold prices are growing. Due to the fact that the US Federal Reserve System continues its course of policy easing, gold may continue to update historical maximums of value.
