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3 September, 06:42

What is your Future expectations for 3-month Gold, Oil, and Japanese Yen prices?

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  1. 3 September, 06:56
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    Future expectations for the mentioned items are as follows-

    Gold - The price would appreciate in the times to come Oil - The price would be at floor bottom in coming times with minor upticks at intervals Japanese Yen - The currency would depriciate with respect to USD

    Explanation:

    Given the Corona epidemic, ensuing US-China trade wars, US-Iran fiasco and dampening global growth prospects, the global economy is going through a phase of slowdown, if not recession.

    Hence the general future expectation for the commodities are as follows-

    Gold - With global growths deepening and share markets crashing, investors would probably store their wealth in the form of gold. This would lead to appreciation in the gold prices. The prices have spiralled upwards in the last few months and would continue doing so in times ahead. Oil - Lack of demand, forced lockdowns of the economy, disrupted global growth has reduced the demand of the oil. Hence the demand graph has fallen and consequentially the prices of oil which is a floor value. It would continue to remain doing do so in times ahead. Japanese Yen - Yen would depreciate during this time due to the strengthening of the US dollar. This depreciation would continue.
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