Gold gets a positive forecast in wake of recent economic events

gold silver bars coinsAccording to a new report by Bloomberg, the forecast for the

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price of gold continues to be optimistic, especially as hedge funds continue to bet on the yellow metal. In fact, this year alone, they have increased their net-long position in regards to gold by 80 percent. This bullish outlook, the most it has been in over Levitra meds two years, is attributed to the U.S. economy expanding slower than expected. Last week, Federal Reserve officials even went on to acknowledge global economic risks in the closing part of their policy meeting.

Investors have been speculating that the slow foreign expansion will force the Federal Reserve to stave off any increase of interest rates. This, combined with the increased stimuli by Europe and Asia as they attempt to promote economic growth, has caused gold prices to record the biggest monthly gain in three years.

On a phone call with Bloomberg, Barrack Yard Advisors’ chief investment officer Marty Leclerc pointed out weed and viagra that, should interest rates remain low, currencies will further lose value and Panmycin bullion will become more attractive. “If we’re in a really bad global economy and we have more downbeat news here, the motivation for the Fed to raise interest rates isn’t there,” Leclerc noted. “That would hence make gold more attractive if everyone is debasing currencies.”

The slow expansion of the U.S. economy – only a 2.6 percent annualized rate during the dosage of cialis fourth quarter – is linked to the unfavorable ratio between importing and exporting, as data showed that the number of imports was three times the number of exports. Federal Reserve officials also blamed certain overseas events as having a hand in the stunted economic growth.

Meanwhile, the jump in exchange-product assets backed by gold has been the highest since July of 2011, reaching 4.1 percent last month. Furthermore, the $1.2 trillion bond buying pledge made by the European Central Bank has caused bullion prices in euros to gain 16 percent – double than that of buy viagra from canada bullion prices in dollars – as people look for stable means of storing value.

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photo credit: 10-ounce-Gold-Bar via photopin (license)