Gold price forecast for 2022 and the following situations
The gold market has increased in order to reach its highest level since 2020 on March 8th as investors seek secured assets in response to Russia’s conquering of Ukraine. At the end of 2021, the gold price reached $1,828.60 an ounce and declined by 2.9% for the year, while investors tended to avoid metals in anticipation of higher interest rates. “The war in Ukraine has significant and obvious implications for commodity prices, which could lead to a more persistent inflationary shock. For the time being, direct implications of the conflict as a growth shock are more limited in the US, given that direct trade flows are marginal. But indirect implications are more relevant, as ongoing disruptions to supply chains are likely to have a spillover impact, while inflation is also likely to act as a tax on consumers. In turn, the market continues to price-out a 50bp Fed hike for March, but the implications for the subsequent rate path are less clear.” Our highly professional team persisted that the simple moving average (SMA), together with the exponential moving average (EMA),