The expert predicted the range of gold and silver prices by the end of February
By the end of February, fluctuations in a troy ounce of gold are expected in the range of $4.9 thousand–5.4 thousand, and silver — in the range of $ 73-98. Such dynamics will depend on further signals from the American regulator and the development of trade policy. Alexander Schneiderman, head of Alfa-Forex's Customer Support and Sales department, told Izvestia on February 24.
"Gold and silver are gradually regaining their positions amid the uncertainty surrounding the US tariff policy. On the other hand, US economic statistics continue to signal a pause in the Fed's rate—cutting cycle, curbing the growth of the precious metals market," the expert said.
At the same time, the activity of Russian traders and investors, according to Schneiderman, does not decrease even against the background of the February correction after the January highs.
On February 10, Spartak Sobolev, Head of the Alfa-Forex Investment Strategy Research Department, told Izvestia about the continued corrective dynamics in the precious metals market. The expert also clarified that gold and silver remained significantly below their January price peaks.
All important news is on the Izvestia channel in the MAX messenger.
Переведено сервисом «Яндекс Переводчик»