Big changes that have occurred around the world, particularly in Russia, the U.K. and the U.S., have some investors concerned. Many of these investors are turning to gold as the cornerstone of their portfolio because this precious metal is seen as a high-stability, slow-growing option that is affected only temporarily by the occurrences around the world.
Gold Predictions Are Favorable
Even though gold has been bearish for a long time, this might be changing in 2017. One prediction is that bullion prices will soar in 2017 by 12 percent. For investors who have purchased gold while the price was at the bottom of the charts, this could mean that their investments grow nicely in the upcoming year. In fact, 26 analysts surveyed put the increase at around 13 percent. If either of these increases does happen as predicted, it would mean that gold prices see the biggest gains since 2010.
140 Characters of Insecurity
Some trading partners have become concerned about the unfiltered manner in which President-elect Trump is tweeting. These 140 characters have irked a lot of people and caused them to become unsettled. There isn’t any guarantee that Trump will stop the tweets, including the late-night Twitter tirades that he is known for, just because he officially takes office this month.
Investors Bank on Hope and Stability
People who are trying to get in on the gold market should make a decision quickly for three main reasons. The first is that the price of gold is low right now. This leaves plenty of room for growth. The second is that Jan. 20, the day of the inauguration, is coming up soon. Gold prices are probably going to fluctuate wildly as this day approaches and for a bit after. The third is that waiting too long to invest could eat away at the gains your investment will see.
In any case, you should be sure that you are willing to hold on to your investment for a while and that you keep a close eye on the charts in the upcoming months.
How to Trade Gold Online
The Price of gold is constantly on the move. Take advantage of the daily price changes in gold with an online trading account. Some brokers offer bonuses of up to 30% on your first deposit (Terms and conditions apply). Open Gold Trading Account Here
The broker trading platform will also provide you with numerous charting tools and the ability to trade other commodities and currencies in addition to gold CFD’s. You might also want to begin trading with a demo account before attempting to risk any of your own money. That way you can practice trading with virtual money on the demo platform first.