Published: 2019.05.15. Gold forecast from the World Bank for 2019

Gold forecast from the World Bank for 2019 - Preview

According to the World Bank's forecast, according to the results of the current 2019, the price of gold should increase by 3.2%. The main drivers of growth will be high demand for precious metals and a long pause of the US Federal Reserve with an increase in interest rates.

“After dropping to its lowest level in September 2018, the price of gold increased by 6.1% in the first quarter of 2019. Precious metal receives support from strong demand and lower long-term real interest rates,” the World Bank review said.

Bank analysts also point to a significant increase in gold reserves in developing countries such as China, India, Russia and Turkey. The central banks of these countries thus diversify international reserves and weaken their dependence on the US dollar. Also in high demand are shares of "gold" ETF-funds, which are provided with physical precious metals.