123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

The Lexington Group Forecasts Gold To Trade Above $1,600 At The End Of The Year

By Author: Lexington Group
Total Articles: 20

Gold has been one of the worst performing commodities this year, losing more than 20% of its value since January. Analysts at The Lexington Group believe that the gold market has bottomed out and gold will rebound very strongly in the second half of 2013. They have identified a number of factors which will drive the yellow metal's value higher.

In the short term The Lexington Group analysts believe that military intervention in Syria will spur prices up. Gold is a safe haven for assets at a time when political unsuitability and conflict can disrupt the markets. Investors are also concerned about escalating violence in Egypt. Gold is likely to perform well during crisis times.

Analysts have also noted quantitative easing as a major driver of gold prices. Central banks print more money to boost growth, but the more it prints the weaker the currency becomes. As the currencies become weaker gold can fetch a higher price.

Increased consumption from the Middle East to Asia, primarily in China and India will drive the price higher. China consumes nearly 100% of the world's gold mine production. When prices of gold plummeted in March the gold trade increased from under 10,000 kilograms daily to more than 40,000. Not only does the government stock pile the precious metal, but there is also a strong correlation between rising incomes and gold prices in these emerging nations. There is an increasing demand for jewelry in the emerging markets.

Total Views: 71Word Count: 243See All articles From Author

Business Articles

1. Advantages And Disadvantages Of Concrete Staining
Author: Ben Lager

2. What To Look For When Hiring An Ocean Freight Shipping Company
Author: William Santos

3. Top 4 Advantages Of Concrete Coating
Author: Ben Lager

4. Centrifugal Blower Manufacturer In India|centrifugal Blower Fan
Author: sara

5. Building A Modern Architecture Homes- Planning And Concept
Author: Leila Adam

6. Thorough Proofreading Finesses Documents, Raises The Organization’s Reputation
Author: NetZealous LLC, DBA TrainHR

7. Design And Build Contractor Singapore – Get The Best Services From Interior Renovation Contractor!
Author: James Han

8. Meishen–a Bright Star In Magnesium Oxide Industry
Author: hu Allen

9. Grow Customer Base And Market Presence With Pharmacist Email Lists For Your Business Campaign
Author: Adam Tyson

10. Adapt New Forms Of B2b Communication With Infection Control Directors Mailing List
Author: Andrew Rayel

11. Moby Wrap Baby Carrier
Author: babycarriersaustralia21

12. Care For Your Deck
Author: Blue Star Carpentry has been specializing in custom decks for over a decade. When you sit outside wi

13. How Does A Small B2b Company Increase The sales?
Author: Mohit Yadev

14. Latest Job Vacancies In India
Author: careersresults

15. Why Are Aap And Congress Supporters Opposing A Tax Reform Like The Gst? Are They Anti-nationals?
Author: Mohit Yadev

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: