In 2016, The Gold Price Will Fail


Predicted the gold price slump will not expire until the end of this year. In 2016, the gold price pressure will continue.

Faisyal, Research and Analyst PT Monex Investindo Futures, said market participants will again observe what are the chances the Fed to raise interest rates again. If viewed from a variety of economic data, including inflation levels of workers and the United States today already meet the target of the Fed.

"I see a rate hike will happen again next year given the current global economy was gradually recovering," said Faisyal.

Indeed, China's economic growth is still slowing. In the third quarter-2015, Chinese economic growth stands at 6.9%. Even in the country next year China's economic growth is predicted to be slower than this year. However, keep in mind that the Central Bank of China (PBoC) continues poured monetary stimulus.

These policies can help China's economy. Faisyal see the gold price potentially bleaker next year than this year. "The price of gold in 2016 will probably move in the area of US $ 800 - US $ 1,200 per troy ounce," he continued.

In 2016, The Gold Price Will Fail

In the short term, the outlook for gold could not look positive. If US economic growth data the third quarter of 2015 are released next week positively, Faisyal suspect gold will go down in the range of US $ 1,000 per troy ounce.

This is an opportunity for those of you who want to keep the gold for a while until the price of gold go up. Also teach the true gold investment guide that you do not lose in investing.

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