Since the beginning of December this year, gold has been trading in a narrow price range. Can investors still count until the end of 2019 on an increase in the cost of yellow precious metals?

Many investors continue to believe that a jump in prices may still occur in the gold market. For the past four weeks, the yellow precious metal has been trading in the range between $ 1450 and $ 1480 for one troy ounce.

Yesterday, the price of gold was $ 1478, which corresponds to 1326 euros. The cost of silver was $ 17.03 (15.29 euros). Since the beginning of this year, gold has grown by + 15% (in euros the growth was + 18%). Silver during this time showed a yield of + 9.5% (in euros + 12.5%). Why can there be a jump in prices on the precious metals market before the end of 2019?

From a fundamental point of view, nothing global will happen this year. At a minimum, quotes will no longer decline. For example, the next Brexit is scheduled for late January 2020. A ceasefire ensued in the trade war between the United States and China. General market data turn out to be worse than expected, but there was no collapse in the stock market. The Fed may pause with rate cuts in 2020. Trump's impeachment is likely to fail, as Republicans have a majority in the Senate.

By the end of the year, some investment companies will buy assets in their investment portfolio that have shown good growth dynamics during the year. And gold just refers to such assets. This will be a supporting factor for the precious metals market.

According to statistics from recent years, from the middle to the end of December, there are no significant events in the gold market. However, at the end of last 2018, the price of gold rose in December by + 4%.