Although gold prices fluctuate, they tend to rise. GFMS TR Sudish Nambus, South Asia’s chief analyst, said: “The price of gold in U.S. dollars is on an upward trend, and we expect the price to reach per ounce by the next Diwali.” 1350 Dollar.

　　In India, the gold market will continue to undergo transformation, as the government is likely to announce a new comprehensive gold policy in the Union Budget. This emerging ecosystem is expected to boost demand for gold.

　　However, experts warn that, given the current price per ounce... 1280 The price of the U.S. dollar has risen in recent months as geopolitical issues began to emerge, and gold prices are expected to... 2018 The first half of the year may see a decline, while the second half will see an increase.

　　Bernard Dada, a senior commodity analyst at the French Foreign Trade Bank, said: “Due to expectations...” 2018 In the first half of the year, the U.S. will raise interest rates twice, putting further downward pressure on gold prices. In other words, starting from the second half of next year, we should expect the slow recovery in prices to continue. 2019 year.” He expects that the end of U.S. interest rate hikes, coupled with a further decline in gold production, will drive prices higher.

　　However, further geopolitical developments should provide temporary support for gold prices. Dada stated that next year’s high and low prices will be, respectively, per ounce. 1350 Dollar and per ounce 1120 The U.S. dollar is showing significant changes.

　　Nigam Arora, a globally leading market analyst, believes that next year’s gold price will range from a low of per ounce to a high of per ounce. 1180 Dollar per ounce 1420 The U.S. dollar. He advises investors to buy at lower levels over the next few months and sell at higher prices in the second half of the year.

　　Several factors will influence the direction of prices, and clarity is expected in the coming months.

　　The first one is next year. 1 After the current term expires, who will succeed Federal Reserve Chair Yellen? The new chair will determine the pace at which interest rates and the U.S. dollar strengthen. U.S. President Donald Trump is expected to announce the new chair next month.

　　“Gold is priced in U.S. dollars. When the U.S. dollar rises, gold falls. The value of the U.S. dollar largely depends on the Federal Reserve’s policies. Unless a geopolitical crisis arises, if President Trump appoints a hawkish Fed chair, gold is likely to decline; conversely, appointing a dovish chair could boost gold prices,” said Arora.

　　He cited John Taylor, an economist at Stanford University, whom Trump met with this week as a potential candidate for chairman of the U.S. Federal Reserve.

　　Aurora said, “He’s known for Taylor’s Rule, which links inflation to interest rates. Taylor made a deep impression on Trump. If Taylor were to become the next Federal Reserve chair, he might weigh down gold and bonds but would likely bolster the U.S. dollar.”

　　He said the reason is that under Taylor’s leadership, interest rates would be much higher. When interest rates rise, bonds and gold will fall, while the U.S. dollar will appreciate when interest rates increase.

　　Another emerging development comes from Spain: Catalan leaders are pushing for independence, contrary to the wishes of the national government. Spain is expected to hold an extraordinary session for the first time ever to use its constitutional powers to limit Catalonia’s autonomy. This issue is serious because the regional parliament in Catalonia has a majority of lawmakers who support secession and plan to declare Catalonia’s independence. Catalonia is an autonomous community in Spain, with Barcelona as its capital.

　　Dada said, “The Catalan issue could trigger concerns about European stability and increase demand for safe-haven assets. In such an environment, we will see...” 2018 The average gold price for the year was per ounce. 1350 the U.S. dollar, and in 2019 The annual rate is per ounce. 1450 The U.S. dollar. This is higher than the company’s usual average price forecast. 10 %.

　　Even the Barcelona-based independent research firm Focus Economics believes that geopolitical uncertainty is providing support for gold prices, even as rising U.S. interest rates may diminish gold’s attractiveness as an investment. For... 2018 In the fourth quarter of the year, the average gold price forecast by its team of analysts was per ounce. 1277 the U.S. dollar. However, within the group, prices ranged from per ounce. 1180 Dollar per ounce 1350 Between the U.S. dollars.

　　The new gold policy will aim to shift gold investments toward paper gold. Several plans are currently being finalized, offering investors greater flexibility and more options. These plans, which comply with sovereign gold bonds, will provide returns based on the price of gold but will not involve the physical buying or selling of gold.