Gold prices will continue to rise over the next 1-2 years, despite a short-term decline to below US$1,800 per ounce, spurred by the prospect of continuing quantitative easing (QE) by central banks to revive the global economy, says a local gold seller.
Tipa Nawawattanasub, chief executive of YLG Bullion and Futures, said gold prices will remain in a bullish trend for the next 1-2 years with a chance of hitting $1,900.
The reason underlying the trend is the US and other countries’ continuation of QE policies to stimulate the economy, which should cause the US dollar to weaken in the future.
Among the indicators guiding the gold price is the unemployment rate. If the figure is high, the government will implement a monetary policy, or QE, to increase the money…
