The impact of interest rates and the US dollar rate
Currently, gold prices are on the rise. In December 2018, gold futures rose from $1,235 to $1,250 per ounce. Bank of America believes that the weakening of the dollar, inflation in the United States and low interest rates will be drivers of gold price growth in 2019. According to the forecast of the bank, the cost of the precious metal will reach $1,296 per ounce. Over the next year, a rise to $1,400 is not excluded. This year, three factors constrained the price of gold: an increase in interest rates, the growth of the US economy and the strengthening of the dollar, and in 2019 their impact will weaken.