If you have been dragging your feet on gold investment due to rising prices, you’ll be pleased to know that a window of opportunity to buy the dip has opened this morning – but you’ll need to act fast as the overwhelming consensus is that gold is on its way to matching or exceeding all-time highs over the next few months. A wealth of experts, analysts and industry watchers including global banks have called for gold to continue to escalate into 2022, meaning this chance to buy as prices consolidate is all the more valuable.
The precious metal has been temporarily hemmed in by news that President Biden will re-nominate the Federal Reserve Chairman, Jerome Powell. Gold prices were down around 1% to £1,337 ($1,786.50) during trading yesterday (Tuesday) in reaction, something which analysts say is surprising given it doesn’t fundamentally change any current policy stance. That makes this window even more likely to be fleeting.
Commerzbank precious metals analyst, Daniel Briesmann said, “We were surprised that the market reacted so strongly to Powell’s nomination for a second term. After all, the Fed’s future monetary policy path is unlikely to change fundamentally with Powell at the helm.”
Don’t miss this chance to buy. Act now.