Outlook 2022 will hitting new record?
Retail investors remain significantly bullish on gold prices next year as the precious metal looks to end 2021 with nearly a 4% loss.
Gold prices have seen a solid push higher, moving above $1,800 an ounce on the last trading day of 2021. Spot gold prices last traded at $1,827.95 an ounce; however, the market started the year at $1,898 an ounce.
It has been a relatively disappointing year for the gold market, which saw some pretty volatile moves. Including a flash crash in August that saw the price drop below $1,700 an ounce. Gold prices have struggled to attract bullish attention even as real interest rates fell to historic negative territory, driven by extraordinary inflation pressure.
Analysts note that the rise in consumer prices this past year has been met with expectations that the Federal Reserve will tighten interest rates soon than expected. At its December monetary policy meeting, the U.S. central bank signaled that it would end its monthly bond purchase by March and could raise interest rate three times in 2022.
Gold prices have seen a solid push higher, moving above $1,800 an ounce on the last trading day of 2021. Spot gold prices last traded at $1,827.95 an ounce; however, the market started the year at $1,898 an ounce.
It has been a relatively disappointing year for the gold market, which saw some pretty volatile moves. Including a flash crash in August that saw the price drop below $1,700 an ounce. Gold prices have struggled to attract bullish attention even as real interest rates fell to historic negative territory, driven by extraordinary inflation pressure.
Analysts note that the rise in consumer prices this past year has been met with expectations that the Federal Reserve will tighten interest rates soon than expected. At its December monetary policy meeting, the U.S. central bank signaled that it would end its monthly bond purchase by March and could raise interest rate three times in 2022.
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