3 Reasons Why Gold Will Shine In the New Year

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Presidential election: The unprecedented U.S. election resulted in what is being called a “Trump rally” for the markets.

Risk appetite: Investors and markets seem to be pricing in expectations that Trump’s policies will be good for the economy, and we are seeing more risky investments. Concerns for rising deficits don’t appear to be priced in to the markets yet.

Federal Reserve: The probability for a rate hike at the next FOMC meeting mid-December is set at 90%. Barring any major news, the market expects interest rates to increase before the end of the year.

U.S. dollar: The dollar hit 14-year highs this month due to risk sentiment and anticipation of new economic policies.

Silver prices also experienced modest correction this month, largely due to the same factors that influenced gold. The two precious metals often operate as complements. The silver price dropped from $18.50 per ounce before the election to around $16.50 per ounce by the end of the month, hitting the lowest point of $16.15 per ounce before that. Silver has lost 23% since its high above $21 per ounce in July.

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Gold Prices Are Rising and Are a Forces Driving Precious the Metal

The yellow metal has taken off in esteem since Britain voted to leave the European Union as financial specialists shoot towards customary "place of refuge" resources. Costs have achieved a three-year high as Brexit stresses escalate.

An ounce of gold is presently worth $1,327 (£1,003), up from $1,257 on June 23. In any case, the spike takes after a maintained rally in the gold cost consistently. The metal is presently justified regardless of a quarter more an ounce than it was toward the end of 2015.

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