The analyst named the reasons for the rise in gold prices
The rise in gold prices is due to the actions of the US Federal Reserve System (FRS), which lowered the interest rate for the first time this year. Alexey Lossan, an analyst at the financial marketplace Compare, told Izvestia on September 22.
"The fact is that gold and U.S. government bonds traditionally compete with each other as defensive assets. When the stakes are high, treasuries bring a stable coupon, and investors prefer them. But as soon as the Fed starts cutting rates, bond yields fall, and capital partially flows into gold. This process has now unfolded: demand for precious metals has grown sharply, and quotes have updated records," the expert said.
Lossan also added that monetary policy easing in the United States will continue, which will create additional support for gold prices. However, this is not the only factor contributing to growth. In recent years, there has been an active increase in gold purchases. If China has long been one of the largest buyers, now other countries have joined it.
"One of the most striking examples is the National Bank of Poland, which over the past two years has become one of the leaders in building up the gold reserve in Europe. Thus, the interest in gold is also of a strategic nature," the analyst said.
However, Lossan warned investors about the possible risks. The main one is the high price. Entering an asset at historical highs always carries the risk of correction. He also noted that if the Federal Reserve unexpectedly suspends rate cuts or the global economy shows more steady growth, some investors may decide to lock in profits, which will lead to a drop in quotations.
"Nevertheless, the long-term outlook for gold remains positive. First, the central banks are not going to reduce purchases. Secondly, global uncertainty — from currency fluctuations to geopolitics — supports the demand for reliable instruments. Thirdly, if the downward trend in interest rates continues, bond yields will remain under pressure, which will give gold an additional boost," Lossan explained.
He noted that various options for investing in gold are currently available to private investors, including the traditional purchase of bullion and the growing popularity of anonymized metal accounts (OMS), which allow investing in gold without the need for physical storage of the metal.
On the same day, it was reported that the exchange price of gold updated its historical maximum, reaching $3,750 per troy ounce.
General Director of the company Moneymatika.ru Maxim Molderf told Izvestia on September 15 that analysts' forecasts for the value of gold by the end of the year are rising and are at the level of $3.7–3.9 thousand per ounce. By the beginning of 2026, the price may reach $4 thousand. At the same time, in rubles, under favorable conditions, it is possible to increase the cost to 12 thousand rubles per gram.
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