From November United States With imminent risks such as the presidential election and the UK’s upcoming negotiations to leave the EU next year, gold’s role as a safe-haven asset could be boosted, according to Overseas Singapore. Bank of China Economist Banabas Gan of the joint-stock company said. Increasing shale oil production in the United States could also affect the original... Oil prices The price increase is cooling down and curbing inflation, he said.

　　According to Bloomberg, gold’s leading forecaster believes the biggest plunge in 14 months could be poised for a reversal. “Given how rapidly gold has been falling, it could just as quickly stage a rebound,” Gan said in a report received on Wednesday. “Weak inflation pressures could once again propel gold prices back into the spotlight.” According to Bloomberg data, he was the most accurate predictor of gold prices in the third quarter.

　　▲Exchange Trading Gold Fund Gold holdings remain at a three-year high.

　　Gold prices fell on Tuesday, as investors anticipate that the cycle of loose monetary policy is coming to an end. It’s reported that the European Central Bank (ECB) is seeking to build an informal consensus to gradually reduce its bond purchases, while Federal Reserve officials this week called for raising U.S. borrowing costs in light of emerging signs of economic improvement. Oil prices have also been rising steadily, fueling inflation concerns and increasing the likelihood of interest-rate hikes.

　　Data compiled by Bloomberg show virtually no signs that investors are reducing their holdings of exchange-traded funds. On Tuesday, gold holdings increased by 3.1 tons to 2,036.5 tons, nearing the highest level since 2013.

　　In its report dated October 4, the BMI Research stated that the short-term victory of Democratic candidate Hillary Clinton in the presidential election on November 8 is expected to exert further downward pressure on gold prices in the near term, thereby reducing the risk posed to the market by the dramatic policy uncertainties surrounding Donald Trump. In the long run, lower real... Interest rate will ensure Precious metals It remains an attractive investment.

　　BMI predicts that the average gold price next year could be around $1,400. Even under the best circumstances, forecasting gold prices is notoriously difficult—but given the current uncertainties... Geopolitics The political situation is fragile. Bank The fundamentals of the gold market—and those of gold itself—are exceptionally strong, making it hard to argue against OCBC’s Banabas Gan or BMI. Gold prices should rise over the coming months and into 2017 as investors shift their capital toward gold. Alternatively, we’re likely to see the U.S. dollar, euro, pound sterling, and other fiat currencies continue to depreciate relative to gold.