17.04.2015 - The price of gold has stabilized around $ 1,200 per troy ounce
The price of gold continues to consolidate near psychologically important level of $ 1,200 per troy ounce. Investors expect the new signal on the timing of the Fed raising interest rates , which will lead to the strengthening of the US dollar and reduce interest in gold. On the other hand the uncertainty about future growth on the stock markets, as well as investors' concerns about a possible Greek default and exit from the Eurozone countries, support the demand for the yellow metal. We expect price growth in the medium term, but it's recommended to wait for the signal to open new positions.