Gold has always been linked to wealth and prosperity. Thousands of years ago a child finds a shiny rock and the human race is introduced to gold. Gold is one of the two most important commodities on planet but its role as the ultimate storage value and method of payment has been underplayed for centuries.Gold is dispersed widely throughout the
geologic world and due to its brilliance, natural beauty and luster it is enjoyable to work and play with. Gold because of his preciousness always make an impact on market. To know about this impact whether its positive or negative, we rely on gold forecast.
Gold forecast is a good technique for predicting bullish and bearish trends of commodity market. In this way it helps investors to make more money.
Trend Analysis of Gold
Monthly Average Change in Prices over 10 years
Months
Average Price Change US$
Jan
2.16
Feb
1.58
Mar
-0.14
Apr
4.22
May
-0.3
Jun
-3.66
Jul
-4.02
Aug
3.97
Sep
11.75
Oct
-6.65455
Nov
2.7
Dec
4.49
We have tried to analyze last 10 years price movements and have found out a peculiar
movement in Gold prices during certain months. 7 months of the year prices are in a positive territory, whereas during 5 months prices remain weak. The average price movement of gold in a year over the last decade is 1.5%.Basically gold forecast has been done by financial Researchers, Financial Consultant etc. While doing Gold forecast, they always keep an eye on demand and supply factors, US dollar movements, trend analysis day traders Investments and etc.
Gold has been driving investors towards it by the sheer luster of gold. The underperformance of traditional investments like bonds, equities in developed countries have turned investors towards gold. In commodity market, Gold is known as “Precious Metals” because much of the investment that has come into gold is through various commodities funds and through investors who purchases units of these funds. Through gold forecast technique day traders has earn handsome money in both MCX and COMEX by working carefully.