Investors Boosting Bets Raised, Gold Prices Possibly Go Down To $1,000 An Ounce
Gold prices are dropping day by day, in this year it lost 9% as Investors are boosting bets and want higher prices on non-interest-paying metal, it will drop to $1,000 an ounce.
If the prices of Gold drop to $1,000 it could cause a point on physical purchase in key customers who are currently purchasing in $1,070 and will be low in next year’s.
ABN Amro and National Australia Bank suppose that the prices of Gold will be decrease in next few months and they also expect it will happen within 10 to 12 months, hopefully in September.
In future Gold prices will jump over 200 % in next few months expected to start in November and will increase 10 times in further months.
During the same time period Bullish will also increase his call options but Gold become more expensive in other country holder as dollar makes greenback-denominated.
From last few years investors are cutting funds on their Gold revelation, in SPDR Gold assets are exchanging trader’s resources at lowest rate.
According to the latest estimation there possibly will be 700 tonnes of Gold exchange traders and becoming loss with lower rates than $1,000.
In the coming years there will be a considerable policy between major central banks and Fed so it will surely separate Gold and dollar prices.
According to British multinational banking and financial services company headquartered in London Baclays, If Gold prices exceed $1,000 there might be risk of large funds.
These options will expire in Jan. And investors want to fall the Gold prices again on the same level as in the last few years.