Journey of Gold through the Year

Journey of Gold through the Year

Journey of Gold through the Year

The year has finally come to an end. There were many important events in various sectors that occurred during the year. The precious metals also observed gigantic changes and as far as gold is concerned, this precious metal set some new records.

Gold was consistent topper in the list of precious metals and its demand and supply surged even out of the expectations of the spectators. The economic market witnessed huge variations in the prices of this yellow metal and new parameters were set. The Fed Meet proved to be an important factor in determining the interest of the financial experts as well as the leading investors. In the last month of the year the spot gold cost was as of late cited at $1,137.25/1,137.55 for every oz, down $5.10 on the past close which was in contrast to its position in the mid of the year when Gold prices received a boost in the upward direction due to the weakening of the US dollar. H1 2016 observed rise in the prices while the prices in H2 2016 were quite fluctuating. There has been an uninterrupted relation between the US dollar and gold and this couple absolutely took the economic market on its toes this year. Sometimes it gave the desperate investors the chance to invest on low rates and at other times it encouraged them to gain profits due to its high esteem.

If we talk from the investment perspective, gold has already established itself as the prominent investment solution but the passing year made sure that this precious metal set some new chronicles in terms of investor interest. There was a striking proliferation of the investors who relied on gold to yield them good returns in the future. As per financial specialists, among other investment options, gold was the most trusted one. Experts awaited the results of the Fed meet and this in turn led to more and more investors seeking financial comfort in the arms of gold as it was speculated that the prices will surge soon if the Meet decides to put any changes in the interest rates. This situation led to a heavy demand of gold and it was somewhat challenging for the suppliers to meet the increasing demands.

In nut-shell, this passing year is an another milestone in the growing popularity and demand of gold as it has always proved to be one of the best investment or trading solution for those who wish to accomplish the safety and security of their financial future. Trading or dealing in gold is an excellent business prospect for the ones looking for hassle free experience and good returns. Gold will definitely continue with its journey in the coming year as the most sought after precious metal.

DISCLAIMER: The views expressed in this blog are those of the author and may not reflect those of Jindal Bullion Limited. The author has made every effort to ensure accuracy of information provided; however, neither Jindal Bullion Limited nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Jindal Bullion Limited and the author of this article do not accept culpability for losses and/or damages arising from the use of this publication.