The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and silver quotes. Palladium and platinum remain outsiders amid the threat of US default. But interest in reliable assets does not exclude the possibility of correction in the near future.
On January 16, gold on the exchanges rose significantly after analysts at Credit Suisse Group and Danske Bank published their forecasts for 2013 and 2014. According to the Securities Market, the February Comex gold futures on the Comex NYSE rose $ 8, or 0.46%, to $ 1,677.10 a troy ounce.
Expert Christine Tuxen (Danske Bank) believes that the average price of gold this year will be $ 1,720 per ounce, but will drop to $ 1,600 in 2014. According to Tom Kendall (Tom Kendall) of the office of Credit Suisse in London, which leads the publication, we can expect a price of $ 1740 per ounce and $ 1720, respectively. The general opinion of foreign and Russian experts is that the average price of gold will reach record highs in 2013 due to the large volume of stimulation in various economies of the world, Prime emphasizes. So of all the precious metals, the position of gold looks the most confident. Continue reading