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04.02.201916:37 Forex Analysis & Reviews: The year of 2019 may pass under the sign of gold

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

According to a number of experts, investment in gold will remain relevant in 2019 due to increased volatility and uncertainty in global financial markets.

Exchange Rates 04.02.2019 analysis

"We believe that the current year should be favorable for gold, as investors are still interested in defensive assets," said Standard Chartered Bank specialists.

"We expect that during the year the precious metal rate will show steady growth. Already this year, quotes may reach $ 1,400 for 1 ounce. At the same time, a short-term correction on the background of an uptrend cannot be ruled out, "they added.

A similar point of view is held by specialists of Saxo Bank.

"At the moment there are enough reasons to buy gold to save your own savings," said representatives of the financial institute.

According to them, the supporting factors for the cost of the precious metal will be a slowdown or complete cessation of interest rate increases by the US Federal Reserve System (FRS). It also includes the escalation of the trade conflict between Washington and Beijing, as well as increased political tension around Venezuela.

Viktor Isakov
Analytical expert of InstaForex
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