Gold Forecast And Predictions 2010 | News And Analysis

Posted on 28 February 2010

Gold forecast remains bullish as it continues to provide a hedge against weakness in fiat currencies and further confusion in the markets. Gold would be treated as the only solid asset sought by both ordinary people and foreign central banks with further deterioration of fiat money.

Gold investments are gripping the market as prices of the precious metal are inclining. Gold forecast for the month of March is stable and growing therefore investors are good to go with further investments in gold which would further help them in the upcoming months. A different trend has been seen in the market where total demand was down drastically in all categories – jewelry demand was down 32% while total demand for all uses including retail investment, industrial demand, and electronic trading fund investment was down 36%, a relatively huge decline in demand. Gold is likely to remain highly sought after as a store of wealth and it will not be surprising to see gold prices rise to, perhaps significantly, new highs.

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