Baku 16° C
Report experts: Gold price to slump in near future
Analytics
- 12 December, 2016
- 10:46
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 12 December. REPORT.AZ/ Gold price is expected to slump in the near future.
Experts of Report News Agency say, financial market is certain that US Federal Reserve (Fed) will raise interest rates in its meeting on December 13-14.
Beside this, Fed is expected to raise interest more intensively in 2017. This will unavoidably lead to decline of interest for gold and rise of interest for US securities. Moreover, restrictions for purchase and reservation of gold set by China and India will further drag price of this precious metal down.
Report’s experts bekieve, gold price to slide down to 1000-1050 USD/ounce in short term and to 700USD/ounce by 2018-2020.
Author
Latest News
18:00
Asim Khudiyev appointed to UEFA Nations League match
Football
17:45
Azerbaijani banks reduce number of transactions on Bloomberg platform by 43%
Finance
17:35
Foreign-funded fixed capital investment in Azerbaijan rises 16.5%
Finance
17:19
Three Paris protests expected on November 14
Other countries
16:53
Azerbaijanis' pharmaceutical spending rises over 21%
Infrastructure
16:38
BP Vice President: Key challenges of AI adoption must be identified
Energy
16:34
Dublin talks move Azerbaijan–Armenia peace agenda toward implementation
Analytics
16:34
Azerbaijani MFA expresses condolences to UAE following fatalities in road accident
Foreign policy
16:15
Azerbaijan and Central Asia could become regional AI hub, Norov says
ICT