Gold prices on the rise in March 2019.

March has seen a significant increase in the price of gold, with the precious metal reaching new heights in recent weeks. The price of gold has risen by approximately 5% in the past month, reaching a high of $1,300 per ounce.

The average price for gold in March 2019 was 1.301,85 USD an ounce. The lowest was 1.285,78 USD an ounce while the highest was 1.322,21 USD an ounce. Average gold price in 2019 was $1,393.34

This rise in gold prices can be attributed to a number of factors, including increased demand for safe-haven assets in a volatile global economic climate. The ongoing trade tensions between the US and China, as well as economic uncertainty in Europe, have led many investors to seek refuge in the stability of gold.

Investors’ myopic focus on short-term price changes, fueled by the non-stop stream of financial news in the media and social media, is causing a distorted perspective and hindering clear thinking.

In addition, the Federal Reserve’s recent decision to hold off on interest rate hikes has also contributed to the increase in gold prices. The Fed’s dovish stance on interest rates has led to a weaker US dollar, which in turn has made gold more attractive to investors as a hedge against inflation.

Examples abound. Reuters reports that gold is having its worst week since May 2017, but what does that really mean for investors? Is there more downside, and if so, how much? The answer is uncertain. Yet, people still get caught up in these news bites, taking them seriously.

Similarly, MarketWatch states that gold prices dropped after the release of better-than-expected U.S. GDP data. But does that correlation hold true in the long run? No, it does not. Another favorite topic, also reported by Reuters, is the movement of 8 tons of gold by Venezuela’s central bank. So what? The supply of physical gold has no bearing on its price. Finally, a short-term focus on the hourly chart, which may show a negative trend, can have disastrous consequences for investors

Despite the recent rise in gold prices, many experts are predicting further growth for the precious metal in the coming months. The global economic outlook remains uncertain, and with many central banks around the world continuing to keep interest rates low, demand for gold is expected to remain strong.

Investors looking to take advantage of the current high gold prices may consider adding the precious metal to their portfolios, either through physical ownership or through exchange-traded funds. However, as with any investment, it is important to conduct thorough research and seek professional advice before making a decision.

In conclusion, the recent rise in gold prices is a reflection of the ongoing global economic uncertainty, as well as the Federal Reserve’s dovish stance on interest rates. Despite some potential for short-term fluctuations, many experts are optimistic about the future of gold and expect to see further growth in the coming months.





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