Next Month Gold Prices outlook September 2015 : To see where gold prices are going next, investors need to understand what’s been happening in both the physical market and the paper market. And from what we see, the outlook for gold price is quite solid.
Let’s take a look at gold prices in both the physical and the paper market. Right now, spot gold is trading at $1,160.22 per ounce. Gold futures contracts due for delivery in August 2015 trade at $1,159.40 per ounce, the September contracts are trading at $1,158.30 per ounce, the October contracts trade at $1,158.70 per ounce, and the December contracts trade at $1,159.10 per ounce.
You see, when gold futures exhibit this backwardation pattern, there is an arbitrage opportunity. Right now, the spot price for gold is higher than the near-term futures price. An investor who has gold can go to the spot market, sell their gold, get it back a few weeks later in the futures market, and take home a profit. Moreover, the investor could save all the storage costs during this period.
The world stock market is crashing. Major U.S. stock market indices have wiped out all their gains since the beginning of this year. China’s stock market crashed more than 32% since June 12th, and is devaluing its yuan. The future of Greece and the euro zone is still highly uncertain. With a world economic collapse looming in the distance, investors around the world are turning to “risk off” mode. And they’d rather have the ultimate “risk off” asset (gold) sooner than later.
Aug 22 Gold prices could rise above $1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.
Prices could rise to $1,230 to $1,240 Next month, and we expects gold prices to rise to $1,350 by mid next year 2016.
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