Gold Is Predicted To Rise As Dollar Slides – 26 June, 2018

Experts predict that with the slide of the dollar, gold will reach $1,320 per ounce by the end of the year with the precious metal currently at $1,255 per ounce, the lowest levels since December. The predictions come on the back of possible trade wars and lower global growth which would help rebound gold from its current slump. Other factors that could support these remarks are the likelihood of the Federal Reserve raising interest rates and the ECB tightening causing a shift in monetary policy.