The current war in Ukraine has continued to weigh heavy on market sentiment since our last bulletin, which has investors predicting imminent uplifts in gold prices.
With the situation in Europe as it is, gold bulls are not predicting any immediate de-escalations, which suggests a positive position for the yellow metal as it moves through 2022. The underlying support for gold prices has remained strong, allowing gold to build momentum and climb back towards the $2,000 (£1,530) level after recent profit taking.
If the Federal Open Market Committee (FOMC) continue to hold off on rate hikes, we can expect gold bulls increasing their investments and more portfolio managers increasing their holdings of gold.
Invest now to enjoy rising gold prices. Don’t hesitate, buy today.