According to the expert, the yellow precious metal has good prospects for continued growth. Although its value has doubled in the past five years, gold is still very cheap compared to stock market pricing.
“If we compare the value of gold with the Dow Jones Industrial Average, we will see that the value of the precious yellow metal is not that high. In my opinion, the price of gold should double its current levels in order to repeat the record of 10 years ago, but taking into account modern realities, ”Felder said.
He also added the following: “The potential for an uptrend in the gold market is still in place. In the long term, gold will show good returns for its investors. "