What\u2019s in store for the price of gold in 2013?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices have been trading sideways for several months now after posting an 8 percent gain for 2012, so what’s in store for the price of gold for 2013? The value of physical gold rose for the 12th consecutive year in 2012. Gold prices are largely driven by sentiment. The annual production of gold is only about 3 percent of the stock of gold held by investors around the globe, which means any price move in the metal is driven by sentiment, not annual supply and demand. Global Financial Crisis Although gold has had a great run in the last 12 years, much of the gains have come in response to the uncertain times unleashed by the global financial crisis and it looks set that this year will be no different. Investing in gold is seen as a wise strategy when other markets (stock markets in particular) are failing however this year stock markets are rocketing higher, whilst gold prices are holding their ground near $1660 an ounce. All this positive market sentiment has not had a negative effect on gold. So what’s going on? Bursting Bubbles Several analysts believe that stock markets are rising due to investors fearing a bubble in Western bond markets are channeling funds into stocks. So the money men are moving investments from one type to another, safer place. With currency markets continuing to follow no clear pattern again this year, the value of the US dollar also plays a part for gold prices. Any fall in the US dollar would also be positive for gold, as its price often picks up in response to US dollar weakness. The US Federal Reserve is again pledging to continue its aggressive easing policy measures this year. Sentiment, a weaker US dollar and a continuation of the global financial crisis should mean that gold prices may well loose a little in the short term as stock markets gain, however it looks like 2013 should see another positive year for the precious metal. We ould see the trend of rising gold prices continuing as investor optimism towards stocks and bonds dwindles and they look for something solid to protect them for years to come. . You can like our page on Facebook and keep up to date with the latest oil, gold, dollar and euro news with liveoilprices. ………………………………………………………. Our website is now fully optimised for viewing through mobile devices, tablets and of course standard computers. This article was written by: JR @ liveoilprices.co.uk You can also share this story using the social media below: <\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17002","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/17002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=17002"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/17002\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=17002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=17002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=17002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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