The gold market has entered into a period of increasing prices which may last from two to three years, Senior Adviser to Metals Focus said Filip Klapwejk claims, according to Rough & Polished.
Since January, gold prices increased by almost 30%. According to the analyst, “Investments in gold are now quite stable and will increase in the future. Therefore, gold prices will grow in the next 2-3 years, but this will not be as rapid as it was in the previous months of this year, and in 2009 and 2011,” said the analyst cited by Ria Novosti. He believes that gold production will be slightly lower than last year, or remain at the 2015 level.
