Prices may have dipped a little this week – giving you the perfect opportunity to buy – but you’ll need to act fast to take advantage of this as the outlook remains bullish for gold according to industry experts.
Analysts at City Index say that it’s important to remember that the gains made in the summer are still holding and that in the last 12 months, there have been raises in no less than eight months.
Technical analyst Fawad Razaqzada said, “With central banks still in easing mode and geopolitical risks remaining elevated, the long-term outlook remains positive for the commodity. Indeed, even if the US-China were to end their trade war, this won’t necessarily be a bad thing, as the prospects of raised physical demand from one of, if not the largest gold consumer nations will maintain price support.”
