Experts expect the restoration of the value of gold by December to 1 thousand 300 dollars per troy ounce

The fall in gold prices is coming to an end, analysts at ICBC Standard Bank say. In their opinion, its price can be restored to $1,300 per troy ounce by December this year. Experts expect that in the third quarter gold prices will recover to $1,000-260 per ounce, which will be facilitated by an increase in physical demand for this precious metal, while the Federal Reserve rate increases are already taken into account in current quotes. On Monday, during the auction on Comex, gold prices for December delivery fell 0.4% to almost the lowest level for the year at $1,120 per ounce.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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