The mineral closed yesterday at the level of $ 3611, in particular, futures contracts in December.
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The reasons for lifting are “structural”, especially with -was Feedback between the price of the gold metal and the dollar costAs explained by the analysts of the stock market.
Claim Experts expect almost unanimously The US Federal Reserve (Fed) reduces the standard in SeptemberWhich reinforces bear expectations on the green ticket.
Jerome Powell, President of the Fed. (Photo: Al Drago/Bloomberg)
“The market includes a likelihood that is almost 95% of the reduction next September,”explains Luis Ramos, Larrain Wial Research lease manager.
The main “driver” of the gold rally is that when the interest rates, prices for goods such as gold, silver and copper are falling, said Jorge Ramos, CEO of BBVA Bag.
Talks on BVL
At the local level, yesterday it was noticed that one of the main values was the action of Buenaventura, with an increase of 1.17% per day during the day.
Buenaventura was one of the most negotiating values yesterday in BVL. (Photo: GEC)
Ramos, with the Larra vial, believes that economic agents are needed to include more storage of assets that ensure the impact of gold in their portfolios, given the existing geopolitical and monetary uncertainty.
“I believe it Investing in gold at current prices are more responsible for diversification needs in the current context rather than the reassessment potential. Spaces to increase, given new historical highs, may be increasingly limited “He warned.
Mining action is not the only alternative to invest in gold, but also ETFs, which are investment funds characterized by quotation on the stock exchange.
“In BVL, ETF associated with mining, such as GDX, which is an ETF that, in turn, in the auriffal companies,” this year has grown heavily. “said Ramos, from the BBVA bag.
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The manager also stated that the actions of mining are lagging behind the high prices for goods.
“We don’t know if these levels may suddenly be late, but the truth is that more than need to take speculation (gold) as a structural positionAccording to some wonderful investors “He added.
(Tagstotranslate) Gold (T) Lima Exchange (T) Lima Bag (T) Stock Exchange (T) BVL (T) Gold Cost
