Analysts are divided on whether gold will continue to rise or not

Gold has shown the most intensive growth among assets this year - its value soared by 11% in the first quarter, setting new records. Analysts disagree on its further dynamics - some expect a correction, others, on the contrary, see further potential for growth, under certain conditions capable of raising prices to $3000 per troy ounce.

In Commerzbank are pessimistic, reports profinance.ru, as it is becoming increasingly difficult to understand when the Fed will move to reduce the key rate - this factor will put pressure on gold. The bank doubts that the regulator will start a large-scale easing, which, according to analysts, leaves gold little chance for growth in the medium term.

Another point of view is held by the head of Rosenberg Research David Rosenberg - in his opinion, in favor of the continuation of the rally says the approaching cycle of easing rates and the slowdown of the global economy. He expects gold to rise regardless of whether the U.S. economy manages to avoid recession. And in the case of increased geopolitical tensions, quotes, in his opinion, may reach $3000.