Given the fact that our project is based on a real gold mining business, we can’t help but introduce you to the world’s analytics on this precious metal. And it looks very positive!
So, analysts at Societe Generale Bank expect that in the first two quarters of 2020, gold prices will move on average at the level of $1550 per ounce, and in the fourth — will soar to $1625.
By the way, gold prices rose as a result of the huge monetary injections of the Federal reserve into the US economy in 2019. They raise the risk of higher inflation.
In case of a further reduction in the FED’s rate, and therefore a decrease in the value of money, gold will remain a priority for investors. In addition, the demand for protective assets will grow if the military conflict in the Middle East worsens. All this will give advantage to gold mining companies.
One of the Russian analysts, Alexander Osin (Freedom Finance), is confident that in the medium term, gold is quite capable of approaching $1,750 per ounce.
