The price of gold will rise again in the fall

02 August 2023 г. 5 minutes of reading

If you look at the seasonal fluctuations in gold prices, summer is often a time of reduced interest and weaker prices," the longtime industry expert told me. "I expect prices to rise in September and October - I don't think interest rates will cause a prolonged weakening in prices. I think this could be a temporary phenomenon; the gold price will rise again in September and October."

Overall, McEwan recommends investors pay attention to key commodities. "I would suggest investors consider adding food and grains, energy and precious metals to their investment portfolio - there are many ways to do this, but it all depends on your risk profile," the expert explained. All these commodities will be in demand by people, and if we end up with inflation, the prices of all these commodities are bound to rise.