There are many interesting values in the investment sector, but gold always has our attention. This metal is one of those values that can be trusted and that fluctuates throughout the year, but that manages to provide great benefits if we know how to work with it properly.
In recent days it has reached its maximum levels and the market has exploded with excitement, knowing above all that its forecasts are very optimistic. We are in the time of gold, what happens with currencies right now is left out, at least in this article, since we know that the dollar is enough to pay attention to, but today it will not be our topic of debate.
Gold does gain our attention with a price level that had not seen the same since the last months of last year 2016.
Highs to benefit from
It has been at a price of 1.238 dollars and although it has had that usual rebound effect that we all know, the forecasts are that it will reach a stability of resistance at 1240 dollars. And that is something that any investor who works with gold knows that this is very positive news.
For the most optimistic, the growth in the value of gold will soon reach 1.250 dollars, without too much difficulty. With a level like that we are already talking about great opportunities to work with this metal and obtain benefits that always come in handy.
On the other hand, the minimum levels are set at 1.230 dollars, which we assume will not be easily reached again in view of the positive growth that this value is experiencing in the last days.
What to keep in mind about gold?
The value of gold is high all year round, but you have to know that it is a material that changes its position a lot depending on what is happening month by month. It is one of those seasonal values of which we always know that there are specific moments in which its position in the market is altered.
For example, the interest that gold has in India, enormous compared to its presence in other countries, triggers certain moments of the year in which the value increases transgressively. This occurs on the dates when more weddings are held in this region of the world.
It usually happens from September and the period is constantly extending until the end of the year. Not only is it a time when many weddings take place, but it is also a time of year when there are numerous festivals in different parts of India.
In both cases, gold is one of the most popular metals, used as an accessory, as a gift and as a ceremonial element in religious shows. That is why the value increases in a very remarkable way.
Fluctuations in the value of gold
How much can the value of gold increase if we wait for the period described in which India gives it a boost in the market? Each year happens differently, but the minimum average is set at 10% and the maximum is usually up to 20%, so it is a value improvement to take into account.
It is true that a decade ago gold was a much safer and guaranteed value, but this does not imply that even today after the crises it has suffered it continues to be a very safe bet.
In addition to the market movement that India produces, you also have to look at what happens with gold based on your success in China, where it has also positioned itself as a fundamental value. In this case, the period of the year in which the gold receives a change is different, since it is concentrated around the Chinese New Year.
They are just those dates in which we are now and what leads us to understand why there has been that improvement in metal that we started talking about at the beginning.
With this in mind, our investment in gold will possibly be strengthened considerably and we will be able to squeeze the most that it can provide if we look at the details and apply them wisely.