“We are very optimistic about the future prospects for the yellow precious metal. We are confident that prices will rise. And the most important thing is that they will remain at a high level for much longer than we predicted earlier, ”- such an opinion was voiced by an analyst of a Swiss bank.
Against the backdrop of negative real interest rates, uncertainty in the global economy and the upcoming US elections, investors are increasingly inclined to buy gold in order to secure their savings in the long term from possible risks.
Long-term outlook for the gold market remains positive. The global economy will gradually recover from the effects of the spread of the coronavirus. At the same time, economic growth will help accelerate inflation and lower real rates, which will also support the precious metals market.