According to the analyst Andrew Hescht, the founder of the Hecht Commodity Report, in December of this year, gold must overcome the curse of the end of the year. In recent years, the month of December was not the best month for the gold market. According to the expert, the end of 2018 should be more successful for the yellow precious metal.

After reaching a minimum in August of this year, the gold market began to grow gradually, even amid the strengthening of the American dollar. The last few weeks, the precious metal was under pressure, there were many reasons for reducing its value, but the price of gold could hold at $ 1225 per ounce. This indicates the strengthening of the position of gold in conditions of adverse factors.

But it’s still early to fall into euphoria. The decision of the US Federal Reserve regarding its monetary policy will be the determining factor in the near future. The next meeting will be held on December 19. On the one hand, gold is under pressure, on the other hand, the precious metal can get a great chance for continued growth. Gold investors should closely monitor the Fed’s decision this month.