Gold prices have risen over the last few months, in accordance with the I Know First algorithm’s prediction, as investors look for a safe-haven for a variety of factors. Fears of a global economic slowdown, political instability in Greece, the Russia-Ukraine crisis, and the move by the Swiss National Bank to remove the franc’s peg against the euro have all supported gold over that time, causing it to outperform other assets. Fourth quarter demand for the precious commodity also rose 6% from the year-earlier quarter, after falling earlier in the year.
European regional growth has been lackluster, unemployment is high, and consumer prices across the Eurozone fell on an annual basis for the first time in five years. The region’s inflation of -0.2% is below the central bank’s target of 2%. The European Central Bank (ECB) is trying to revive Eurozone growth, and buying bonds is one way to do so.
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