For the last three months, gold prices have been fluctuating around $1,195 with ups and downs, and in the last week prices range was between $1,180 and $1,200 per ounce. Will gold prices soar to new heights? Why is this range level important? What is the outlook for gold price?
Frank Holmes has shared his review about the global market.

For Global InterGold Online Gold Shop, the reviews about gold market are key in the analysis of the whole market. Read the article and learn the details!

On June 18 gold prices set the record with an increase of more than 2%. Gold prices remained in a level around $1,201. What has caused this surge in prices and why is it relevant?

According to Frank Holmes, the U.S. Global Investors managing director, such result is not the highest limit for the yellow metal. He presented his arguments that claim likely a growth in price by 15% by the end of 2015.

The recently held Fed meeting was another event that triggered gold prices. The result of this meeting was the Fed statement that monetary policy will be tightened gradually, giving the investors reasons for investing in gold.

Frank Holmes analyzed recent changes in the prices of yellow metal and came up with the conclusion that they suggest a further growth. The expert mentioned high volatility among factors affecting prices of yellow metal. Another important point is that, according to the expert, $1200 is a critical threshold for gold producing companies as it is the minimum price in which production brings benefits.

Finally, the main driver of the precious metal is the Asian Giant. At the moment China's policies are the main factor impacting gold prices, according to the expert. It should be mentioned that recently the Bank of China became another member of the LBMA Gold Price fixing.

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