What awaits gold in 2017.
Almost any investor considers gold as an alternative to existing investments.
As a rule, these are long-term investments, not for one month, but sometimes even for a year. The main thing is to choose the right moment to buy.
The price of gold has increased several times in recent decades, although after reaching a peak of $1,886 per ounce in 2011, the rate began to decline.
The bottom was reached in 2015, and the upward trend again prevailed in the market. The beginning of 2017 was especially pleasing; the price of gold in the new year has already increased by 6%.
What awaits the price of gold in 2017, if there are prospects for further growth?
This is the European crisis, the decline in China's development and the unpredictable policy of the newly elected US President Trump.
And as you know, bad news always stimulates an upward trend in gold; in addition, we should not forget that the previous maximum price for gold was at $1,886.
Now the price is $1,241 per ounce, which means the prospects for growth are more than impressive.
With all this, it is now better to wait for the next correction, which will end the January jump of 6%, and only after the market rolls back to make purchase transactions.
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