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: 68Word Count: 243See All articles From Author

Business Articles

1. Information About The Materials That Used In Electric Bike
Author: Larry Bushart

2. Virtual Office In Switzerland – Breaking The Conventional Idea Of Office Space
Author: Mr Dimitri Rusca

3. An Idea About The Rising Damp Treatment
Author: George Dean

4. An End-to-end Retail Management Solution For Small/medium Retail Business
Author: Adam Smith

5. Virtual Office In Geneva – What Are The Advantages Of Having One
Author: Mr Dimitri Rusca

6. Get Excellent Cleaning Of Tiles With Tiling Work Dubai
Author: mrtechDubai

7. About The Digital Marketing Solution Providers And Local Marketing Services At Cyber Flavors
Author: Unknown Member

8. Bike & Bicycle Shelters- Order For Installations
Author: lockitsafeuk

9. Servo Voltage Stabilizer - What It Is And Why Is It So Important?
Author: R. D. Electric Works

10. Living With Mould In Your Home
Author: Fred Lydick

11. Different Types Of Water Pumps And Their Uses
Author: Gbenga Kukler

12. Laser Cutting
Author: Emily Stone

13. Why Don’t More Agencies Have In-house Translators?
Author: Shreya Gupta

14. Arturo Fuente Gran Reserva
Author: Arturo Fuente Gran Reserva

15. L'entrepreneur Denis Vincent Et Son Histoire Génial De Succès
Author: Denis Vincent

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