The Price of Gold will Drop to $1580 And Silver to $18 In 2022

Gold Forecast 2022: What exactly happened? From a macroeconomic perspective, the economy recovered lastyear. As vaccination progressed, sanitary restrictions were lifted, and riskappetite returned to the market, which hit safehaven assets such as gold. What’s more, a rebound in economic activity and risinginflation prompted the Fed to taper its quantitative easing and introduce more hawkish rhetoric, which pushed gold prices down.

As always, there were both ups and downs in the bullion market last year. Gold started 2021 with a bang, but began plunging quickly amid Democrats’ success in elections, the Fed more optimistic about the economy, and rising interest rates. The slide lasted until late March, when gold found its bottom of $1,580. This is because inflation started to accelerate at that point, while the Fed was downplaying rising price pressures, gibbering about “transitory inflation”.

The price of gold will go down and will go below $1,580 by the end of 2022.

The price of silver will go down and will go below $18 by the end of 2022.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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