Based on current trends, gold prices stand to increase in 2019, reports the World Gold Council (WGC).
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Gold prices spike, they fall, and then they plateau. You’ve heard the news, seen the graphs, and if you’re a veteran appraiser, you’ve experienced déjà vu countless times.
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Gold prices have dropped in the last few years, raising cheers of hallelujah among retailers and manufacturers, but a weakening Canadian dollar may have some saying their prayers for a good year.
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Nine-karat, 14-karat, or 18-karat? If you carried only one in your store, which would it be? This may seem like a no-brainer. You may opt for the higher karat for obvious reasons, such as more gold content. Or maybe your customers find the shine of gold in higher karats more brilliant and eye-catching. It could be also that they just like the cachet and luxury factor these metals possess.
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Economic pressures from beyond the borders of the jewellery business created the cash-for-gold market—and they’re keeping it going, too.
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The price of gold is expected to hit $1600 US per ounce before the end of the year, says GFMS.
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Strong investor demand against a weak U.S. dollar and the possibility of inflation pushed the price of gold up 25 per cent in 2009, says the World Gold Council (WGC).
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Lower gold prices and the volatile global economy fuelled the dollar demand for gold and helped it reach a record high of $32 billion US for the third quarter.
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The price of gold may hit $1000 in the second half of 2008, says a precious metals consultancy.
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