Forecasts for Gold Price
A number of factors are contributing to the high price of gold however some of those factors are weakening. Certainly the world economic crisis has dampened optimism for improved gross domestic product, employment and business well being around the world and that is why so many have turned to buying gold. Gold has always been a safe, secure investment however the experts are beginning to suggest that gold has reached its apex in price. Gold prices are forecast to begin falling and once that descent begins, we'll see a huge sell off. Inflation is expected to rise as well particularly in China which will lead to monetary tightening in China. Some suggest that inflation causes the price of gold to fall.
It's important to sell your gold coins and jewelry soon otherwise you could lose hundreds of dollars by the end of this year.
The availability of gold may be decreasing as deposits diminish around the world and the cost of mining gold has increased. Currency rates also affect gold prices. A low US dollar means gold prices in $US have risen, however the US dollar is forecast to continue to fall against other major currencies. The quantitative easing measures the US Fed took to manage the US economic crisis are ending and won't be continued. The US employment numbers are up and that suggests the economy is beginning to roll. Corporate profits have been good for sometime so fewer people will resort to a conservative investment portfolio that includes gold and other commodities.
Gold Price Forecast - Expected to Fall this Year
There are plenty of other factors such as the demand for gold used in manufacturing and demand by central governments for gold deposits which could push prices up. Manufacturing activities aren't rising fast and producers including jewelry manufacturers won't be quick to market products with gold because most consumers can't afford them.
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