Evaluating How 2015 Was For The Gold Markets Globally.

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Commodities just cannot seem to get a break. As 2015 reaches an end and we embark into the journey of 2016, like most commodities in the global market, gold was also a part of the ever lasting drama. With great promises for gold rates before the beginning of 2015, where market experts claimed, that gold would enter 2015 on a low key and rise towards the end. Let us evaluate how gold markets performed in 2015 and what to expect in 2016.
Sentiment regarding gold have been so bearish lately that you might think the yellow metal declined by 50% or more during 2015. As a matter of fact, gold only was 11% down in terms of US dollar, and actually advanced in some countries. Gold was up in 10 out of 17 countries evaluated. The yellow metal was progressive in both Canadian and Australian dollars, even higher in Argentine pesos and Brazilian real, Mexican pesos, Russian Rubles, South African Rand, Turkish Lira and Ukrainian currency saw rises in gold prices. These price hikes may be attributed to inflation in the respective nations.
The largest hit gold faced was in US dollars and Swiss France equally down by an 11% and Japanese yen by 10%. With Gold down in US dollars, for investors, this is the best time to buy gold as a hedge for 2016. Gold now trading at $1,200 per ounce is a record low seen since 2010, where gold reached staggering highs of $1,900. Bullion India experts review each trend in market and bring to their investors the forecast of 2016 and the lessons learned from the 2015 market for gold.
With certain results of last year pointing towards a successful year for gold in 2016. The dollar could propel higher in 2016, due to the rise in interest rates in US. Contrary to the belief that gold does poorly in high interest environments, experts believe, as gold pays no interest it does fairly well.  It is believed that the falling rates of precious metals are openings into long-term opportunities for investors to keep buying at dirt prices and stacking metal.
Gold may have seen lows in 2015 and may not have stood to the expectations set for the yellow metal, but the demand for gold in the times of trial have not reduced.
“From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of capital loss of any investment or speculation.”- Henry Hazlitt.

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