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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.

State Street's George Milling-Stanley offers his view on gold

State Street’s George Milling-Stanley offers his view on gold

 

 

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.

George Milling Stanley

George Milling Stanley

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.

 

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