FX.co ★ Experts provided an outlook for gold prices to the end of 2018

At the moment, when the global market of precious metals is unstable due to trade conflicts between the US and China, and the collapse of the Turkish lira, many experts took the liberty of forecasting the dynamics of gold prices. They made a forecast to the end of this year. Analysis of the data provided will be of interest to market participants.

August 2018

In the current month, prices for yellow metal varied greatly, from a minimum of $1,113 to a maximum of $1,260. In early August, the cost of precious metals reached a mark of $1,252, then a decline was recorded due to the difficult geopolitical situation on the world stage. By the end of the month, experts predict their value of $1,130.

September 2018

In early September of this year, the price of yellow metal will not exceed $1,130. Experts are sure that this will be the highest value for the current month. The minimum price of gold will be $1,069, and by the end of the month, it will rise to $1,085.

October 2018

With the coming of October, the value of gold will not exceed the level of $1,085, and the minimum that will be paid for the yellow metal, will be $1,024. On average, the cost of precious metals is estimated at $1,059, and by the end of the month, it will drop to $1,040.

November 2018

In early November 2018, the price of yellow metal will be fixed at around $1,040. The minimum cost of precious metal will not be lower than $1,010. At the end of this month, gold will be estimated at $1,025.

December 2018

By the end of 2018, according to experts, the cost of yellow metal can stop at around $1,020. This is a rather low rate compared to the previous months. In early December, gold prices may remain at the November level of $1,025. The maximum prices for the yellow metal will not exceed $1,035, and a possible minimum will hardly be below $1,005.