Q:

What is the forecast for the future price of gold?

A:

Quick Answer

As of September 2015, the average price forecast for gold for the last quarter of 2015 is $1,040 per ounce while the 2016 forecast is $1,130.80 to $1,131 per ounce. The fall in price at the start of 2015 made brokers review the price forecast downward.

Continue Reading

Full Answer

The strong dollar is the main reason gold prices are falling. When the dollar goes up, investors stop buying gold because it becomes too expensive. Another reason the price is falling is the recovering economy of United States. Investors prefer investing in treasury bills and other bills when interest rates threaten to increase. Increased corporate earnings are also a factor, as investors move their money from gold to stocks when corporations have high profits.

Learn more about Currency & Conversions

Related Questions

Explore