The case for why gold may finally be nearing a bottom
According to Market Watch Article, 24 November 2015,
With gold trading near its lowest level since early 2010 and on track to log a third straight year of losses, it’s apparent that sentiment toward the precious metal is bearish, but that doesn’t mean that prices are destined to see a sustained move lower.
Based on opinion from George Milling-Stanley, head of gold investment strategy at State Street Global Advisors, said gold GCZ5, -0.25% should find solid support around $1,050 an ounce—the bottom end of its recent trading range.
He also said that he doesn’t rule out a “knee-jerk” downward move for gold when the Federal Reserve actually does decide to lift interest rates, but he wouldn’t expect such a down move to be sustained because the rate hike should already be priced into the gold market by now.
There are 4 reason that why investor think that gold will jump up this year?
For more information about this 4 reason, you can read more on this site.