If you’ve been holding back on making your investment, now is the time to take action as new research shows that gold is currently undervalued by a notable margin. Analysis conducted earlier this week by BCA Research found that the U.S. dollar is around 20% overvalued, which is holding back gold prices.
The true value of the precious metal right now is actually £1,742 ($2,200) – a level that it is expected to achieve when the greenback begins to decline.
Commenting on the findings, chief strategist, Chester Ntonifor said, “[The dollar] is the most expensive G10 currency. It is overvalued by 20%, according to our models. You’ll be seeing that adjustment. And if the dollar falls, gold catapults higher. the dollar goes down, gold will rise because gold is an alternative asset.”
With the yellow metal performing exceptionally well this year, don’t wait for that price increase to hit. Buy gold now before the bulls surge.
