The prices of gold are on a consistent hike. After a slight drop in the last month, Gold has managed to maintain its position in the last week. In H1, Gold faced some challenges in terms of its demand and supply.
Then again in H2, Gold marked its strong presence in the economic markets. Earlier this week, prices had tumbled to the lowest mark since late June but till the end the condition managed to change.
Most of the investors stayed quiet during the week waiting for latest release of updates. However the data failed to emerge as the economists and policy makers expected, yet this precious metal is said to derive great returns for its investors.
This yellow metal is all set to end the upcoming weekend in positive territory, ending a two-week losing streak, while the prices were trading at their highest level since 2012.
In the last week itself gold prices were able to hit a two-week high after the Bank of Japan introduced less-than-expected stimulus measures. The central bank also announced that it would almost double its purchases of exchange traded funds which will ultimately lead to its exposure to equity market risks. It is also true to say that many market investors and participants were expecting much more aggressive action.
According to the Industry experts, precious metals can surprise the market anytime. Gold’s reaction has always surprised the market analysts with some experts claiming that traders tend to invest in gold because of its surplus demand and value in the economic market. Apart from ending last week on a high, gold is expected to continue the situation for coming weekend as well.
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